PepsiCo Inc. (NYSE: PEP) reported fiscal third-quarter results before markets opened this morning. The food and beverage company posted adjusted diluted earnings per share (EPS) of $1.21 on revenues of $16.65 billion. In the same period a year ago, the company reported EPS of $1.25 on revenues of $17.58 billion. Third-quarter results compare to the Thomson Reuters consensus estimates for EPS of $1.16 and $16.9 billion in revenues.
On a GAAP basis, EPS for the quarter totaled $1.20, including a $0.05 gain on mark-to-market commodity hedges.
The company reaffirmed full-year revenue and EPS guidance. On a constant currency basis the company expects earnings to fall by approximately 5% from last year’s EPS of $4.40. Taking into account the foreign currency translation effect (a negative 3%), the company is looking at EPS of around $4.05 to $4.06. The consensus estimate calls for EPS of $4.06.
Revenue for the full…
View original post 290 more words