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Thursday, 10/09/2014 7:19:18 AM

Thursday, October 09, 2014 7:19:18 AM

Post# of 364829
Shares of PepsiCo (PEP) rose 1.7% in premarket trade Thursday after the beverage and snack giant reported third-quarter profit and sales that rose above expectations. The shares closed at an all-time high of $93.94 on Wednesday. For the quarter ended Sept. 6 , net earnings rose to $2.01 billion , or $1.32 a share, from $1.91 billion , or $1.23 a share, in the year-earlier period. Excluding non-recurring items, core per-share earnings came in at $1.36 , beating the FactSet consensus analyst estimate of $1.29 . Sales rose 2% from last year to $17.22 billion , above analyst forecasts of $17.08 billion , with sales strength in its Frito-Lay North America , Latin America Foods and Asia , Middle East & Africa business offsetting weakness in Quaker Foods North America and Europe . Pepsi also raised its core, constant currency earnings-per-share growth forecast for the full year to 9% from 8%.

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