PepsiCo earnings top Wall Street view

Cases of Pepsi are displayed for sale in Carlsbad(Reuters) – PepsiCo Inc reported a higher-than-expected quarterly profit on Wednesday, helped by price increases, and stood by its full-year outlook. That the maker of Diet Pepsi, Frito-Lay snacks and Tropicana orange juice did not cut its outlook was viewed as a sign of strength at a time when many consumer products companies are suffering from a weak global economy. “In a consumer group seeing negative second-half revisions, we consider this positive,” said Stifel Nicolaus analyst Mark Swartzberg. PepsiCo said second-quarter net income had fallen to $1. …


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