Shares of PepsiCo Inc. PEP, +0.67% rose 2.5% in premarket trading Tuesday, after the beverage and snack giant reported third-quarter earnings that topped consensus and raised its full-year guidance.
Excluding nonrecurring items, core earnings per share of $2.25 were ahead of the FactSet consensus of $2.15. “We are pleased with our performance as our businesses and associates displayed tremendous agility and resilience across geographies and categories in an evolving and dynamic environment,” Chief Executive Ramon Laguarta said in a statement.
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