PepsiCo reported core earnings for the three months ending on September 7, the company's fiscal third quarter, came in at $1.56 per share, which is 5 cents ahead of the Street consensus forecast. According to the company, group revenues rose 4.2% to $17.188 billion, topping analysts' forecasts of $16.93 billion.
Looking into 2019, PepsiCo said it could "meet or exceed" its 4% growth target for organic sales, but noted that its full-year core earnings forecast of $5.50 per share remains unchanged, a figure just below the Refinitv estimate of $5.52 per share.
So, why is the company still on Jim Cramer's mind?
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