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PepsiCo Inc. (NYSE: PEP) reported its third-quarter earnings this morning, and the company was able to show a nice 17% jump in profit. After posting this morning's earnings, shares of the soft drink giant have jumped 0.5% in premarket action.As I looked at yesterday in my earnings preview, analysts had been expecting to see the company show earnings of 96 cents a share, and PepsiCo was able to beat these estimates easily, with an actual $1.06 per share. Revenue estimates had been at $9.9 billion, and the company was able to beat these estimates as well, with $10.17 billion, up from $9.13 billion for the same period last year.
Internationally, the company did very good during the period, with a 19% jump in earnings and a very impressive 22% rise in revenues.
On the subject of full 2007 numbers, the company stated that it is still predicting to see full year EPS of at least $3.35.
Michael Fowlkes has worked as a stock trader for seven years and spent the last two years working as an analyst for the online investment advisory service Investor's Observer
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