Company News: PepsiCo (PEP) reported better than expected fourth quarter profits

Market news

11 February 2015

Company News: PepsiCo (PEP) reported better than expected fourth quarter profits

PepsiCo (PEP) earned $1.12 per share in the fourth quarter, beating analysts' estimate of $1.08. Revenue in the fourth quarter decreased 0.8% year-over-year to $19.95 billion, but exceeding analysts' estimate of $19.66 billion.

The company announced a 7.3% rise in its annualized dividend to $2.81 per share from $2.62 per share.

PepsiCo (PEP) shares increased to $100.63 (+2.69%) prior to the opening bell.

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