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PepsiCo: 4Q Earnings Snapshot

PURCHASE, N.Y. (AP) _ PepsiCo Inc. (PEP) on Friday reported fourth-quarter net income of $6.85 billion, after reporting a loss in the same period a year earlier.

The Purchase, New York-based company said it had net income of $4.83 per share. Earnings, adjusted for one-time gains and costs, came to $1.49 per share.

The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of $1.49 per share.

The food and beverage company posted revenue of $19.52 billion in the period, topping Street forecasts. Five analysts surveyed by Zacks expected $19.51 billion.

PepsiCo expects full-year earnings to be $5.50 per share.

PepsiCo shares have climbed roughly 2 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased 9.5 per cent. The stock has increased 3 per cent in the last 12 months.

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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

The Associated Press