PepsiCo reported its first-quarter earnings on Tuesday before the bell.Pepsi-Cola sign in Long Island City, New York.on Tuesday reported its first-quarter adjusted earnings rose 10%, but the company pulled its fiscal 2020 outlook.Earnings per share: $1.07, adjustedrose 7.7% to $13.88 billion.
Wall Street anticipated earnings per share of $1.03 on revenue of $13.21 billion, based on a survey of analysts by Refinitiv. However, it's difficult to compare reported earnings to analyst estimates for Pepsi's quarter, as the coronavirus pandemic has made it difficult to predict earnings.
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