PepsiCo: Q1 Earnings Snapshot

PURCHASE, N.Y. (AP) _ PepsiCo Inc. (PEP) on Tuesday reported first-quarter earnings of $4.26 billion.

On a per-share basis, the Purchase, New York-based company said it had profit of $3.06. Earnings, adjusted for non-recurring gains, were $1.29 per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.

The food and beverage company posted revenue of $16.2 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $15.62 billion.

PepsiCo expects full-year earnings to be $6.63 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PEP at https://www.zacks.com/ap/PEP