PURCHASE, N.Y. – PepsiCo is reporting better-than-expected revenue and profits for the fourth quarter as CEO Indra Nooyi attempts to shift the company’s focus back to its best-known products.
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PepsiCo reported a loss of loss of $710 million, or 50 cents per share. Adjusted for one-time gains and costs, per-share earnings were $1.31, a penny better than Wall Street had expected, according to a survey of industry analysts by Zacks Investment Research.
Revenue of $19.53 billion also edged out projections for $19.44 billion.
PepsiCo Inc., based in The Purchase, New York, said Tuesday that it expects full-year earnings of $5.70 per share.
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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on PEP at https://www.zacks.com/ap/PEP
