said it remains "comfortable" with fourth-quarter expectations and affirmed its 12% to 13% growth target for 2001.
First Call/Thomson Financial
, 15 analysts produced a consensus earnings estimate of 38 cents a share, up from 33 cents a share a year ago. Wall Street expects 2001 earnings of $1.64 a share, compared with an estimate of $1.45 a share in 2000. The food and beverage giant, which is based in Purchase, N.Y., earned $1.24 a share in 1999.
Shares of PepsiCo, which also said today it was expanding its salty snack business in Egypt and Saudi Arabia, were lately up 75 cents, or 1.7%, to $46.06 in late trading on the Big Board.
said today it expects beverage companies, including
, PepsiCo and
, to meet fourth-quarter consensus estimates.