Company News: PepsiCo (PEP) quarterly results beat analysts’ expectations

Market news

13 July 2020

Company News: PepsiCo (PEP) quarterly results beat analysts’ expectations

PepsiCo (PEP) reported Q2 FY 2020 earnings of $1.32 per share (versus $1.54 per share in Q2 FY 2019), beating analysts’ consensus estimate of $1.25 per share.

The company’s quarterly revenues amounted to $15.945 bln (-3.1% y/y), beating analysts’ consensus estimate of $15.472 bln.

PEP rose to $138.90 (+3.30%) in pre-market trading.

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