PepsiCo, Inc. Beats Earnings Estimates

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PepsiCo, Inc. Beats Earnings Estimates

Pepsi released its latest earnings report before opening bell this morning, posting adjusted earnings of $1.35 per share and sales of $16.3 billion, a 5% year over year decline. Analysts had been expecting earnings of $1.26 per share and revenue of $16.22 billion.

Shares of Pepsi moved higher in premarket trades this morning, climbing as much as 1.77% to $95.83 per share after the earnings beat.

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