PepsiCo's Net Climbs 16%

PepsiCo Inc.'s third-quarter net income climbed 16% as foreign sales jumped and the company reaped the benefits of a weaker dollar world-wide and a tax benefit.

"Our third quarter performance was very strong, with double-digit revenue and operating profit growth," PepsiCo Chairman and CEO Indra Nooyi said. "All of the company's operating divisions successfully navigated through an environment of higher input costs in order to deliver balanced top- and bottom-line performance."

The company's shares rose in premarket trading.

Read Full Article from Wall Street Journal

- Posted: 2007-10-11 10:17:19

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