PURCHASE, N.Y. (AP) _ PepsiCo Inc. (PEP) on Tuesday reported second-quarter earnings of $2.36 billion.
On a per-share basis, the Purchase, New York-based company said it had net income of $1.70. Earnings, adjusted for one-time gains and costs, were $1.72 per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.52 per share.
The food and beverage company posted revenue of $19.22 billion in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $18.02 billion.
PepsiCo expects full-year earnings to be $6.20 per share.
PepsiCo shares have increased almost 1% since the beginning of the year, while the S&P's 500 index has climbed 17%. The stock has increased 11% in the last 12 months.
