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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| PepsiCo Inc | NASDAQ:PEP | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -1.27 | -0.74% | 169.95 | 169.90 | 169.95 | 12,725 | 13:27:17 |
From Apr 2019 to Apr 2024
By Dave Sebastian
PepsiCo Inc. posted higher revenue for the fourth quarter, though profit fell as it booked a benefit from income taxes in the prior year.
The food-and-beverage company said revenue rose 5.7% to $20.64 billion for the quarter ended Dec. 28, 2019, from the prior year. Analysts polled by FactSet were looking for $20.25 billion.
The company's organic revenue grew 4.3% for the latest period and said it anticipates the metric, which strips out the effect of currency swings and acquisitions, to grow 4% in 2020.
Net income fell to $1.77 billion, or $1.26 a share, from $6.85 billion, or $4.83 a share, in the comparable quarter last year. The company booked $4.93 billion in income-tax benefit in the same period last year.
Adjusted earnings were $1.45 a share, ahead of the $1.44 a share analysts were looking for.
The company expects adjusted per-share earnings to grow 7% in 2020.
Write to Dave Sebastian at dave.sebastian@wsj.com
(END) Dow Jones Newswires
February 13, 2020 06:45 ET (11:45 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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