PepsiCo tops Street 4Q forecasts

PEPSICO Inc. (PEP) has reported fourth-quarter profit of $US1.31 billion ($A1.69 billion).

THE Purchase, New York-based company said it had profit of 87 cents per share. Earnings, adjusted for pretax expenses and restructuring costs, came to $US1.12 per share.

The results surpassed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $US1.08 per share.The food and beverage company posted revenue of $US19.95 billion in the period, also beating Street forecasts. Analysts expected $US19.78 billion, according to Zacks.PepsiCo shares have risen almost 4 per cent since the beginning of the year, while the Standard & Poor's 500 index has stayed nearly flat. The stock has climbed 22 per cent in the last 12 months.

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