PepsiAmericas ( PAS), the Minneapolis-based cola bottler, said its second-quarter earnings fell 10.5% from the year-ago period .

The company earned $65 million, or 50 cents a share, in the quarter, compared with $72.6 million, or 53 cents a share, a year ago. On that basis, analysts surveyed by Thomson First Call were expecting earnings of 50 cents a share in the most recent quarter.

Second-quarter revenue rose marginally to $1.07 billion as against analysts' expectation of $1.05 billion.

Worldwide volume grew 4.3% in the second quarter, driven by U.S. volume rise of 3.6% and international volume growth of 6.8%, the company said.

For the full-year, the company expects to earn at the lower end of its previously issued guidance of $1.44 a share to $1.49 a share, excluding special charges, but including 1 cent a share of option expenses. Analysts expected full-year earnings of $1.43 a share.

"In the U.S., our carbonated soft drink declines moderated from earlier this year, while momentum in our non-carbonated portfolio accelerated," the company said. "A strong water performance and volume gains in Lipton Iced Tea and SOBE drove non-carbonated volume up 31 percent in the quarter."

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