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PepsiCo posts better-than-expected Q3 earnings

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Investing.com - " Beverage giant Pepsi reported better-than-expected third-quarter earnings, despite missing on revenue figures, it announced early Wednesday.

Earlier in the day, in its third quarter earnings report, PepsiCo said earnings per share came in at USD1.24, beating expectations for earnings of USD1.17 per share.

The firm's third quarter revenue came in at USD16.91 billion, missing estimates for revenue of USD16.96billion.

The beverage giant added that headwinds like volatility in the foreign-exchange market will cut at least 2% off 2013 core earnings per share.

PepsiCo shares were unchanged in trading prior to the opening bell.

Meanwhile, the outlook for U.S. equity markets was higher. The Dow Jones Industrial Average futures pointed to a gain of 0.4% at the open, S&P 500 futures added 0.4%, while the Nasdaq 100 futures indicated a rise of 0.3% at the open.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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