00:00It's Benzinga bringing Wall Street to Main Street
00:02PepsiCo topped quarterly earnings and revenue expectations, driven by international growth
00:07as its North American business continued to struggle, according to CNBC.
00:11The food and beverage giant reported third-quarter adjusted earnings of $2.34 per share on revenue
00:17of $25.27 billion, topping expectations of $2.29 per share and $24.96 billion.
00:24Net sales rose 5.6% while organic revenue increased 3.1%.
00:30Beverage volume grew 3% and food volume rose 1%, fueled by strength in international markets.
00:36North America remained under pressure, with beverage volume falling 2% and food volume
00:40flat.
00:41Pepsi lowered its full-year core earnings growth forecast to 2.5% to 3.5%, down from its previous
00:48projection of the low end of 5% to 7%.
00:51It expects net revenue growth of about 6%.
00:54For all things money, visit Benzinga.com.
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