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Pepsi Bottling Group beats earnings, but I'm not interested

Posted Jul 9th 2009 8:00AM by Steven Mallas (RSS feed)
Filed under: Earnings Reports, Coca-Cola (KO), PepsiCo (PEP), Coca-Cola Enterprises (CCE)

Pepsi Bottling Group (NYSE: PBG), a beverage entity that competes with Coca-Cola (NYSE: KO) and Coca-Cola Enterprises (NYSE: CCE), reported Q2 earnings on Wednesday. Adjusting for a gain related to tax issues, the company earned 78 cents per share.

According to Trey Thoelcke's earnings preview, Pepsi Bottling Group was only supposed to make about 73 cents per share. So, management managed to beat Wall Street's projections. Unfortunately, management made the same amount of per-share profit in the year-ago period, so there wasn't any growth on the bottom line.

Continue reading Pepsi Bottling Group beats earnings, but I'm not interested

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