Pepsi (NYSE: PEP) reported Q1 EPS of $0.94, $0.03 better than the analyst estimate of $0.91. Revenue for the quarter came in at $12.05 billion versus the consensus estimate of $11.98 billion.

"We achieved solid revenue growth in the first quarter underpinned by global volume growth and positive net price realization, despite challenging food and beverage industry trading conditions in North America and continued volatility in a number of developing and emerging markets," said Chairman and CEO Indra Nooyi. "Our first quarter results were in line with our expectations, and we are on track to achieve our financial objectives for 2017."

GUIDANCE:

Pepsi sees FY2017 EPS of $5.09, versus the consensus of $5.13.

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