PepsiCo reports quarterly results beating expectations, lowers annual outlook
PEP PepsiCo Inc
$123.73 -1.58%
View chart & analysis → - 1PepsiCo recorded third-quarter net revenue of $25.27 billion, exceeding analyst expectations.
- 2Third-quarter net income attributable to the company rose to $3.05 billion from $2.6 billion in the same period last year.
- 3PepsiCo lowered its annual outlook, with expected core earnings per share growth for Pepsi at 2.5% to 3.5%.
So what's the key point?
PepsiCo earned more money in the third quarter than experts had predicted. However, the company lowered its forecast for how much profit it will make over the full year.
Source CNBC +5 · View original ↗
Today's 5 AI picks, all freeNothing hidden: past picks and how they did against the S&P 500.