PepsiCo, Inc. (PEP) Tops Q3 EPS by 1c; Reaffirms Guidance

October 12, 2011 7:00 AM EDT
PepsiCo, Inc. (NYSE: PEP) reported Q3 EPS of $1.31, $0.01 better than the analyst estimate of $1.30. Revenue for the quarter came in at $17.6 billion versus the consensus estimate of $17.25 billion.

Volume in the Snacks segment rose 8 percent, while volume in the Beverage segment was up 4 percent.

The company expects to buyback about $2.5 billion in common stock during 2011.

Reaffirms guidance.

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