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PepsiCo beats Wall Street estimates, raises earnings outlook

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PepsiCo raised its full-year earnings outlook after beating Wall Street’s estimates for third-quarter earnings and revenue.

PepsiCo beat Wall Street's estimates for third-quarter earnings and revenue.on Tuesday reported quarterly earnings and revenue that beat analysts' expectations and raised its outlook for its full-year earnings.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:

Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weeklyRevenue: $23.45 billion vs. $23.39 billion expected Pepsi reported third-quarter net income attributable to the company of $3.09 billion, or $2.24 per share, up from $2.7 billion, or $1.95 per share, a year earlier.

 

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