PepsiCo Earnings Beat Estimates Despite North American Demand Drop
PepsiCo’s quarterly earnings exceeded Wall Street expectations, but revenue missed projections due to declining demand for snacks and drinks in North America. The company reported a 4% decline in shares, indicating investor concerns about the business. Compared to analyst estimates, PepsiCo’s earnings per share were $1.96, beating the expected $1.94, while its revenue was $27.78 … Read more