A woman grabs a bottle of Diet Pepsi in Atlanta, Georgia.
Chris Rank | Bloomberg | Getty Images
PepsiCo on Thursday announced quarterly earnings and revenue that topped expectations.
Shares of the food and beverage giant jumped 3% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.56, adjusted, vs. $1.50 expected
- Revenue: $17.19 billion vs. $16.93 billion expected
Pepsi reported fiscal third quarter net income of $2.1 billion, or $1.49 per share, down from $2.5 billion, or $1.75 per share, a year earlier.
Excluding items, Pepsi earned $1.56 per share, topping the $1.50 per share expected by analysts surveyed by Refinitiv.
Net sales rose 4.3% to $17.19 billion, topping expectations of $16.93 billion.