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PepsiCo 3Q Profit Rises

Espaço dedicado a todo o tipo de troca de impressões sobre os mercados financeiros e ao que possa condicionar o desempenho dos mesmos.

por novo_nisto » 12/10/2006 14:06

An underlying positive tone remains intact, as the S&P 500 and Nasdaq 100 futures continue to climb heading into the opening bell. It is worth noting that, not only were quarterly results from PepsiCo, Yum! Brands and Harley-Davidson better than expected, but year/year earnings growth of 71%, 20% and 25%, respectively, lend further support for the S&P 500 to enjoy a 13th consecutive quarter of double-digit profit growth. Forecasts for the S&P 500 call for a 14% year/year rise in operating earnings.
 
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Registado: 30/8/2005 15:11

PepsiCo 3Q Profit Rises

por novo_nisto » 12/10/2006 14:01

Os futuros estão a reagir positivamente.

PepsiCo 3rd-Quarter Profit Climbs 71 Percent, Beats Estimates

PepsiCo Inc., the snack food maker and No. 2 soft drink company, said Thursday its third-quarter profit jumped 71 percent, reflecting a more than 9 percent increase in sales and comparison with results that were depressed by a tax charge a year ago.

The company also said it expects to earn $2.98 per share for the full year, a penny below Wall Street estimates.

Profit for the quarter ended Sept. 9 grew to $1.48 billion, or 88 cents per share, from $864 million, or 51 cents per share, during the same period last year.

Revenue climbed 9.4 percent to $8.95 billion from $8.18 billion last year.

Analysts, on average, predicted a profit of 86 cents per share on revenue of just less than $8.8 billion.

Purchase, N.Y.-based PepsiCo makes snacks through its Frito-Lay division while its Pepsi-Cola division is the nation's second biggest behind The Coca-Cola Co.

The quarterly earnings announcement is the first released with new chief executive Indra Nooyi in charge. Nooyi moved up from being chief financial officer to replace Steve Reinemund on Oct. 1.

She said the international division performed particularly well this quarter.

The tax charge a year ago was due to a repatriation of $7.5 billion of international earnings.
 
Mensagens: 461
Registado: 30/8/2005 15:11


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