PepsiCo Net Income Up 13% on New Products
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From Bloomberg News
PepsiCo Inc., the world’s No. 2 soft-drink maker, said third-quarter earnings climbed 13% because of higher sales of new products including a vanilla-flavored cola and Lays chips in canisters.
Net income rose to $1.08 billion, or 62 cents a share, from $953 million, or 53 cents, a year earlier. Sales increased 8.4% to $6.83 billion, the biggest gain in more than a year, Purchase, N.Y.-based PepsiCo said.
Shares of PepsiCo fell 10 cents to $47.40 on the NYSE.
From Bloomberg News
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