Breaking: Pepsico narrowly beats on Q4 top line, comfortably on bottom line

Clay Webster FXStreet

PepsiCo (PEP) shares moved up 1.8% in Thursday's premarket to $175 after beating consensus for revenue and EPS. The packaged food and beverage company produced adjusted earnings per share (EPS) of $1.53, a penny over the average forecast.

Revenue of $25.25 billion beat estimates by 4%. The company increased its annual dividend by 7% and announced a $10 billion buyback program.

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Author

Clay Webster

FXStreet

Clay Webster grew up in the US outside Buffalo, New York and Lancaster, Pennsylvania. He began investing after college following the 2008 financial crisis.

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