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PepsiCo's(PEP Quote) 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. ...
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