PepsiCo puts up better-than-expected as the company pivots

Associated Press |

PURCHASE, N.Y. (AP) _ PepsiCo Inc. (PEP) on Tuesday reported a fourth-quarter loss of $710 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the Purchase, New York-based company said it had a loss of 50 cents. Earnings, adjusted for one-time gains and costs, came to $1.31 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share.

The food and beverage company posted revenue of $19.53 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $19.44 billion.

PepsiCo expects full-year earnings to be $5.70 per share.

PepsiCo shares have dropped nearly 7 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped roughly 1 percent. The stock has risen 5.5 percent in the last 12 months.

This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on PEP at

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to:


Emerging Growth

Lexaria Bioscience Corp

Lexaria Bioscience Corp is a food sciences company. It has two distinct consumer product brands: ViPova and Lexaria Energy. It uses patent pending technology to infuse hemp oil ingredients within…