Tuesday, February 13, 2018

PepsiCo Q4 Results Beat View; Hikes Dividend, Announces $15 Bln Share Buyback

Snack and beverage giant PepsiCo Inc. on Tuesday reported a net loss for the fourth quarter, reflecting flat revenues and a net tax expense related to the U.S. tax reform. However, both revenue and adjusted earnings per share for the quarter beat analysts' estimates. In addition, the company raised its annualized dividend by 15 percent and announced a new $15 billion share repurchase program.

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