UPDATE: PepsiCo Posts Upbeat Q1 Earnings

PepsiCo PEP reported a 4.6% decline in its first-quarter earnings. Pepsi's quarterly profit fell to $1.08 billion, or $0.69 per share, from $1.13 billion, or $0.71 per share, in the year-ago period. Excluding one-time items, its core earnings surged to $0.77 from $0.69 per share. Its revenue rose 1.2% to $12.58 billion, while organic revenue gained 4.4%. However, analysts were expecting earnings of $0.71 per share on revenue of $12.53 billion. Its operating margin narrowed to 13.2% from 13.9%. Pepsi shares closed at $78.85 yesterday.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Date
ticker
name
Actual EPS
EPS Surprise
Actual Rev
Rev Surprise
Posted In: EarningsNewsprofit
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!