PepsiCo Beats on Bottom Line, But US Market Weak

PepsiCo, Inc. (NYSE:PEP) released it earnings report for the three months ended September 30 this morning before the market opened on Wall Street. The beverage and food company showed earnings of $1.24 per share for the period. Pepsi brought in $16.96 billion in revenue in the period. Shares in PepsiCo were trading at $80.60 in pre-market hours.

In anticipation of this earnings report analysts following PepsiCo, Inc. (NYSE:PEP) were looking for earnings of $1.17 per share on revenue totaling $17 billion. In the same three months of last year the company...