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PepsiCo 2Q Profit Rises 9 Percent |
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Wednesday, 23 July 2008 |
NEW YORK: Snacks and drinks company PepsiCo says its profit rose 9 percent in the second quarter on strong international growth.
PepsiCo Inc. says its profit for the three-month period ending June 14 was $1.7 billion, or $1.05 a share, compared with $1.56 billion, or 94 cents a share, during the same period last year.
Revenue of $10.95 billion for the quarter is up 14 percent from the $9.61 billion reported by the Purchase, New York-based company in the second quarter of 2007.
Excluding one-time items, the company earned $1.03 per share. Thomson Financial says analysts expected earnings of $1.02 per share on revenue of $10.55 billion.
PepsiCo also reaffirmed its full-year profit estimate to be at least $3.72 per share, excluding accounting-related items.
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