PepsiCo’s (PEP) third quarter earnings beat analyst estimates by six cents and core earnings grew 8% year over year.
On a constant currency basis, sales grew for all segments under PepsiCo Americas Food (PAF) and Pepsico International (PI), though Pepsico Americas Beverages (PAB) experienced a troubling decline. Total net revenue, inclusive of currency effects, fell 1.5%.
Nevertheless, Pepsi remains on track to achieve all-time high earnings per share this year, and even expects to exceed this by 11 – 13% in 2010.
Pepsico is an example of an American company stll at the top of its game. The stock is nevertheless down ~2% this morning. Read the full details of the release here.
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.