PepsiCo reports higher profit despite economic pressures

(Reuters) – PepsiCo Inc suggested better quarterly revenue on Wednesday and stated it was on target to fulfill its monetary objectives for the 12 months, despite a sluggish economy. The maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice mentioned web income was once $1.ninety one billion, or $1.23 per share, within the third quarter, up lower than 1 percent from $1.90 billion, or $1.21 per share, a 12 months past. Aside from items, earnings had been $1.24 per share. On that basis, analysts were anticipating $1.17, in step with Thomson Reuters I/B/E/S. Shares of PepsiCo have been up 1.1 percent at $81.50 in buying and selling sooner than the market …