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Continued: PepsiCo's profit beats Wall Street expectations, lifted by higher prices for snacks, drinks

  • Article by: CANDICE CHOI , AP Food Industry Writer
  • Last update: July 24, 2013 - 5:05 PM

An update on that review isn't expected until early next year.

A spinoff of just the North American beverages is one of the alternative options outlined in a white paper by Peltz's Trian Fund Management.

For the quarter ended June 15, PepsiCo said it earned $2.01 billion, or $1.28 per share. That's up from $1.49 billion, or 94 cents per share, in the year-ago period when its results were hit by one-time charges as a result of a deal to expand distribution in China.

Not including one-time items, it earned $1.31 per share, above the $1.19 analysts expected.

Revenue rose 2 percent to $16.81 billion, more than the $16.79 billion forecast by Wall Street.

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