PepsiCo fourth-quarter profit rises
Feb 14 (Reuters) - PepsiCo Inc reported a higher quarterly profit on Thursday, helped by increases in sales volume and prices.
The maker of Gatorade sports drinks and Quaker oatmeal said net income was $1.66 billion, or $1.06 per share, in the fourth quarter, up from $1.42 billion, or 89 cents per share, a year earlier.
Excluding special items, earnings were $1.09 per share.
Net revenue fell 1 percent to $19.95 billion. Excluding the effect of items including structural changes in the company's business, an extra selling week in 2011 and currency exchange rates, revenue increased 5 percent.
- Insight: How U.S. spying cost Boeing multibillion-dollar jet contract
- Exclusive: Secret contract tied NSA and security industry pioneer |
- With Fed out of the way, what's next on Wall Street?
- Seagram chairman, WJC head Edgar Bronfman dead at 84
- U.S. aircraft hit by gunfire in South Sudan as conflict worsens |