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

Market news

11 February 2021

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

PepsiCo (PEP) reported Q4 FY 2020 earnings of $1.47 per share (versus $1.45 per share in Q4 FY 2019), beating analysts’ consensus estimate of $1.46 per share.

The company’s quarterly revenues amounted to $22.455 bln (+8.8% y/y), beating analysts’ consensus estimate of $21.759 bln.

The company also announced a 5% increase in its annualized dividend to $4.30/share from $4.09/share.

PEP rose to $138.10 (+0.29%) in pre-market trading.

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