This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

PepsiCo Net Rises 14%

PepsiCo's (PEP - Get Report) second-quarter earnings rose a better-than-expected 14% from last year, as the company continued to get a strong and balanced performance from its line of drinks and snacks.

Pepsi earned $1.36 billion, or 80 cents a share, in the quarter, compared with $1.19 billion, or 70 cents a share, last year. Analysts had been forecasting earnings of 77 cents a share in the latest quarter, according to Thomson First Call. Sales rose 12% to $8.6 billion in the quarter, about $120 million ahead of estimates.

For all of 2006, Pepsi expects to earn at least $2.95 a share, compared with the Thomson First Call consensus estimate of $2.96 a share.

"Our international business had another outstanding quarter, with double-digit revenue and operating profit growth," Pepsi said. "And in North America, our balanced product portfolio has been a key to our results. Our beverage growth in North America was driven by our leading portfolio of noncarbonated beverages, and our snacks business had solid growth in both core salty snacks and in other macro snacks."

In premarket trading Thursday, PepsiCo rose 84 cents, or 1.4%, to $61.94.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG
PEP $95.17 0.00%
AAPL $130.28 0.00%
FB $81.53 0.00%
GOOG $565.06 0.00%
TSLA $218.42 0.00%

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs