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PepsiCo Tops Quarterly Profit Estimates After Cutting Costs
date:Jul 24, 2014
PepsiCo has reported better-than-projected profits and raised its annual forecast after reducing costs, giving the company more leverage in a looming fight with activist-investor Nelson Peltz.

Excluding some items, profits totalled $1.32 a share, the Purchase, New York-based company said in a statement. That topped the $1.23 average estimate of 17 analysts, according to data compiled by Bloomberg. PepsiCo expects to increase earnings per share by 8 per cent this year, excluding the effects of c

12/25 07:50