Business News: Higher Volumes, Prices Lift PepsiCo Over Estimates

Started by MikeLigalig.com, February 18, 2013, 01:25:53 PM

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MikeLigalig.com

February 18, 2013, 01:25:53 PM
Higher Volumes, Prices Lift PepsiCo Over Estimates

Snack and beverage giant PepsiCo (PEP) beat analysts' expectations on higher volumes and prices. The maker of Pepsi Cola, Gatorade sports drink and Fritos corn chips reported adjusted fourth-quarter earnings of $1.09, down 5.2% from a year ago but 4 cents over views. Revenue climbed 2.1% to $19.95 billion, topping analyst forecasts for $19.7 billion. It guided for a 7% bump in 2013 earnings, which implies $4.39 per share. Analysts are expecting

Source: Higher Volumes, Prices Lift PepsiCo Over Estimates
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