PURCHASE, N.Y. (AP) — PURCHASE, N.Y. (AP) — PepsiCo Inc. (PEP) on Thursday reported second-quarter net income of $2.98 billion.
The Purchase, New York-based company said it had net income of $2.18 per share. Earnings, adjusted for one-time gains and costs, were $2.20 per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.19 per share.
The food and beverage company posted revenue of $24.18 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $23.87 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEP at https://www.zacks.com/ap/PEP
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