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PepsiCo Beats Earnings Estimates, Hikes Dividend

Photo of Nora James Nora James February 9, 2023
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PepsiCo Beats Earnings Estimates, Hikes Dividend
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PepsiCo


beat earnings and revenue estimates in the fourth quarter, driven by higher prices. It increased its annual dividend sending the stock higher in premarket trading Thursday.

The beverage and snack giant (ticker:PEP) reported adjusted earnings per share of $1.67 on sales of $28 billion. Analysts were expecting EPS of $1.65 on sales of $26.8 billion.

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