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PepsiCo beats 3Q profit forecasts

FILE - In this July 9, 2015, file photo, Pepsi bottles are on display for sale at a supermarket in Haverhill, Mass. PepsiCo Inc. reports earnings, Wednesday, Oct. 4, 2017. (AP Photo/Elise Amendola, File) FILE - In this July 9, 2015, file photo, Pepsi bottles are on display for sale at a supermarket in Haverhill, Mass. PepsiCo Inc. reports earnings, Wednesday, Oct. 4, 2017. (AP Photo/Elise Amendola, File)

By Associated Press October 4, 2017 1 min read

PURCHASE, N.Y. (AP) – PepsiCo Inc. is reporting third-quarter earnings of $2.14 billion.

The Purchase, New York, company said Wednesday that net income was $1.49 per share. Earnings, adjusted for non-recurring gains, were $1.48 per share.

The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.42 per share.

The food and beverage company posted revenue of $16.24 billion in the period, missing Street forecasts. Five analysts surveyed by Zacks expected $16.41 billion.

PepsiCo expects full-year earnings to be $5.23 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEP at https://www.zacks.com/ap/PEP

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Keywords: PepsiCo, Earnings Report, Priority Earnings