PepsiCo Q3 revenue rises as outlook seen weaker
PepsiCo reported third-quarter revenue of $25.27 billion, up 5.6%, with shares up about 1.0% to $125. Organic growth was 3.1%, while the profit outlook was described as weaker.
6% increase. 10am EST as of October 8. 1%. Investors welcomed the sales growth, but the weaker earnings outlook put a brake on enthusiasm.