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

Market news

1 October 2020

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

PepsiCo (PEP) reported Q3 FY 2020 earnings of $1.66 per share (versus $1.56 per share in Q3 FY 2019), beating analysts’ consensus estimate of $1.46 per share.

The company’s quarterly revenues amounted to $18.091 bln (+5.3% y/y), beating analysts’ consensus estimate of $17.239 bln.

The company also issued upside guidance for FY 2020, projecting EPS of $5.50 versus analysts’ consensus estimate of $5.37.

PEP rose to $139.92 (+0.95%) in pre-market trading.

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