The food and beverage giant PepsiCo reiterated its full-year forecast.
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PepsiCo
on Thursday reported quarterly earnings and revenue that beat analysts’ expectations, as international growth offset another quarter of declining volume in North America.
Shares rose nearly 2% in premarket trading.
Here’s what the company reported for its fiscal third quarter compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
PepsiCo's quarterly earnings and revenue topped Wall Street's expectations.
PepsiCo reported fourth-quarter earnings and revenue that topped Wall Street's estimates.
Shares of Coke have risen just 6% over the last year, hurt by concerns about the broader economy.
Shares of Coke have risen nearly 10% this year, increasing its market value to around $295 billion.
Shares of Coca-Cola have risen roughly 22% over the last year, raising its market value up to about $335 billion.
JPMorgan sees shares of PepsiCo rising 13% from here.
