Pepsi: better than expected results
U.S. soft drink and chip maker PepsiCo achieved higher-than-expected revenue and profits in the first quarter, but did not release a new annual forecast citing global uncertainties over the coronavirus pandemic – tozsdeforum.hu wrote.
The company said in a quick report released on Tuesday that its after-tax profit was 1 billion 338 million USD, up 96 cents per share for the three months ended on March 21. Earnings per share excluding one-time items were 1.07 USD, exceeding the 1.03 USD expected by experts. (tozsdeforum.hu)
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