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Proactive Investors
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3 months ago
PepsiCo Inc (NASDAQ:PEP, XETRA:PEP) shares fell about 4% on Thursday after the food and beverage company reported fiscal second-quarter adjusted earnings that came in slightly below Wall Street expectations, despite revenue topping estimates and the company reaffirming its full-year outlook. PepsiCo reported adjusted earnings per share of $2.20, compared with analysts' consensus estimate of $2.21.