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Pepsi (PEP Quote) beat Wall Street targets in CEO Indra Nooyi's first quarter at the helm.
The Purchase, N.Y., drinks and snacks giant also modestly boosted full-year guidance, though it said rising costs in its PepsiCo Beverages North America unit weighed on margins.
For the third quarter ended Sept. 9, Pepsi made $1.48 billion, or 88 cents a share, up from the year-ago $864 million, or 51 cents a share. Revenue rose to $8.95 billion from $8.18 billion a year earlier.
Analysts surveyed by Thomson Finanical were looking for an 86-cent profit on sales of $8.8 billion. ...
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