Investing.com - PepsiCo (NASDAQ:PEP) reported third quarter earnings that beat analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $1.56 on revenue of $17.19B. Analysts polled by Investing.com forecast EPS of $1.5 on revenue of $16.93B. That compared to EPS of $1.59 on revenue of $16.49B in the same period a year earlier. The company had reported EPS of $1.54 on revenue of $16.45B in the previous quarter.
For the year, PepsiCo shares are up 21.23%, under-performing the Nasdaq 100 which is up 21.81% year to date.
PepsiCo follows other major Consumer/Non-Cyclical sector earnings this month
On Wednesday, September 18, 2019, General Mills reported first quarter EPS of $0.79 on revenue of $4B, compared to forecasts of EPS of $0.77 on revenue of $4.08B.
McCormick & Comp earnings beat analyst's expectations on Tuesday, with third quarter EPS of $1.46 on revenue of $1.33B. Investing.com analysts expected EPS of $1.29 on revenue of $1.34B
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