PepsiCo revenue tops Wall St estimates in fourth quarter [Reuters]
PepsiCo, Inc. (PEP)
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Source: Reuters
PepsiCo revenue tops Wall Street estimates in fourth quarter | Reuters Reuters Staff 1 Min Read (Reuters) - PepsiCo Inc’s ( PEP.O ) sales topped Wall Street forecasts in the fourth quarter, led by higher demand at its Frito-Lay business that makes Doritos and Cheetos. The maker of Tropicana juices and Mountain Dew said on Tuesday revenue rose slightly to $19.53 billion in the quarter ended Dec. 30. Analysts on average had expected $19.39 billion, according to Thomson Reuters I/B/E/S. PepsiCo recorded a net loss of $710 million or 50 cents per share, compared to a year-earlier profit of $1.40 billion or 97 cents per share, reflecting a $2.5 billion one-time charge related to new U.S. tax laws. Reporting by Sangameswaran S and Nivedita Balu in Bengaluru; Editing by Sai Sachin Ravikumar All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved. PepsiCo revenue tops Wall Street estimates in fourth quar
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