Pepsico Inc Q3 Profit Decreases, But Beats Estimates

(RTTNews) - Pepsico Inc (PEP) reported a profit for third quarter that Decreased from the same period last year but beat the Street estimates.

The company's bottom line came in at $2.603 billion, or $1.90 per share. This compares with $2.930 billion, or $2.13 per share, last year.

Excluding items, Pepsico Inc reported adjusted earnings of $3.137 billion or $2.29 per share for the period.

Analysts on average had expected the company to earn $2.26 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 2.7% to $23.937 billion from $23.319 billion last year.

Pepsico Inc earnings at a glance (GAAP) :

-Earnings: $2.603 Bln. vs. $2.930 Bln. last year. -EPS: $1.90 vs. $2.13 last year. -Revenue: $23.937 Bln vs. $23.319 Bln last year.