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PepsiCo
PEP reported a rise in its fourth-quarter net income.
PepsiCo's quarterly profit surged to $1.742 billion, or $1.12 per share, versus a year-ago profit of $1.661 billion, or $1.06 per share.
Its revenue climbed to $20.12 billion versus $19.95 billion. Its core earnings came in at $1.05 per share. However, analysts were expecting earnings of $1 per share on revenue of $20.1 billion.
PepsiCo also lifted its annualized dividend by 15% hike to $2.62 per share. It projects 2014 core earnings per share to increase 7% from $4.32 in FY13.
PepsiCo shares closed at $81.49 yesterday.
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