PURCHASE, N.Y. — PepsiCo Inc. today reported third-quarter net income of $2.22 billion.

On a per-share basis, the company said it had net income of $1.60. Earnings, adjusted for pretax expenses and restructuring costs, were $1.79 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.73 per share.

The food and beverage company posted revenue of $20.19 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $19.44 billion.

PepsiCo expects full-year earnings to be $6.20 per share.

PepsiCo shares have climbed slightly more than 1% since the beginning of the year, while the S&P’s 500 index has risen 14%. The stock has risen nearly 9% in the past 12 months.