Sweden Herald
Unexpectedly strong financial results from
Photo: Jenny Kane/AP/TT
Business

Unexpectedly strong financial results from cola giant PepsiCo

Soft drink giant PepsiCo, which owns the Lipton tea brand and Lay's chips, reported earnings per share of $2.26 for its core business, compared with $1.96 a share a year earlier.

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Analysts had expected slightly lower earnings. The average forecast for the quarter was $2.23 per share, according to the Bloomberg news agency.

Net income rose 5.6 percent to $29.3 billion, also slightly above expectations. The average forecast was $28.9 billion.

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Pepsico
AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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