Thursday, July 7, 2016

Pepsico Q2 Results Top View, Lifts FY16 Earnings Forecast

Snack and beverage giant Pepsico Inc. reported Thursday a 1 percent increase in its profit in the second quarter, while net revenues declined. Core earnings as well as revenues topped analysts' estimates. Further, citing the year-to-date performance, the company raised its full-year core earnings per share forecast. In the pre-market activity on the NYSE, Pepsico shares were gaining 1.96 percent.

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