PURCHASE, N.Y. — PepsiCo Inc. today reported fourth-quarter profit of $1.32 billion.
On a per-share basis, the company said it had net income of 95 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were $1.53 per share.
The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of $1.53 per share.
The food and beverage company posted revenue of $25.25 billion in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $24.28 billion.
PepsiCo expects full-year earnings to be $6.67 per share.