PepsiCo Inc: Profits of $1.47 per share announced for fourth quarter

The profits announced by PepsiCo Inc in the fourth quarter were higher than the Refinitiv mean estimate of profits. The company reported profits of $1.47 per share, 2 cents higher than the same quarter last year when the company reported EPS of $1.45.

Profits of $1.46 per share were anticipated by the nineteen analysts providing estimates for the quarter. Wall Street expected results to range from $1.43 to $1.47 per share, with a forecasted mean of $1.46 per share. The company reported revenue of $ 22.46 billion , which is higher than the estimated $21.8 billion.

FORECAST CHANGES

In the last week there have been no negative revisions of earnings estimates and there was a gain of three new estimates.

YEAR OVER YEAR
The company reported an increase in revenue to $22.46 billion from $20.64 billion in the same quarter last year.