PepsiCo 1Q Earnings Snapshot

PURCHASE, N.Y. (AP) _ PepsiCo Inc. (PEP) on Wednesday reported first-quarter net income of $1.41 billion.On a per-share basis, the Purchase, New York-based company said it had net income of $1. Earnings, adjusted for one-time gains and costs, came to 97 cents per share.The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 92 cents per share.The food and beverage company posted revenue of $12.88 billion in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $12.65 billion.PepsiCo expects full-year earnings to be $5.50 per share.PepsiCo shares have risen 11 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased 16 per cent. The stock has climbed 11 per cent in the last 12 months._____This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEP at https://www.zacks.com/ap/PEPThe Associated Press

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