PepsiCo (PEP) Lags Q1 Earnings Estimates

PepsiCo (PEP) came out with quarterly earnings of $1.48 per share, missing the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $1.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.33%. A quarter ago, it was expected that this food and beverage company would post earnings of $1.95 per share when it actually produced earnings of $1.96, delivering a surprise of 0.51%.Over the last four quarters, the ...