Wednesday, April 25, 2007

UPDATE 2-PepsiCo posts higher profit, backs outlook

(Reuters) - The world's No. 2 soft drink company said net income for the first quarter rose to $1.10 billion, or 65 cents per share, from $947 million, or 56 cents per share, a year earlier.

Analysts on average were expecting 61 cents per share, according to Reuters Estimates.


Read more at Reuters.com Market News

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