Snacks and drinks company PepsiCo says its profit rose 9 percent in the second quarter on strong growth in its international business.
PepsiCo Inc. says its profit for the three-month period ending June 14 was $1.7 billion, or $1.05 a share, compared with $1.56 billion, or 94 cents a share, during the same period last year.
Revenue of $10.95 billion for the quarter is up 14 percent from the $9.61 billion reported by the Purchase, New York-based company in the second quarter of 2007.
Thomson Financial says analysts it surveyed expected earnings of $1.02 per share on revenue of $10.55 billion.
PepsiCo also reaffirmed its full-year profit estimate to be at least $3.72 per share, excluding accounting-related gains and losses.
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