Tuesday, July 24, 2007

PepsiCo 2nd-qtr profit up, raises outlook

(Reuters) - NEW YORK, July 24 - PepsiCo Inc. posted a greater-than-expected quarterly profit on Tuesday on a lower tax rate and higher sales of Frito-Lay snacks.



The world's No. 2 soft-drink company reported earnings of $1.56 billion, or 94 cents per share, for its second quarter, ended June 16, up 13 percent from $1.38 billion, or 81 cents per share, a year earlier.


Read more at Reuters.com Market News

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