PepsiCo earnings beat estimates, but demand for drinks and snacks drops in North America

PepsiCo reported mixed quarterly results on Tuesday as demand for its snacks and drinks fell in North America. Shares of the company fell less than 1% in premarket trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG: Earnings per share: $1.96 adjusted vs. $1.94 expected Revenue: $27.78 billion vs. $27.89 billion expected Pepsi reported fourth-quarter net income attributable to the company of $1.52 billion, or $1.11 per share, up from $1.3 billion, or 94 cents per share, a year earlier. Excluding restructuring, impairment charges and other items, the food and beverage company earned $1.96 per share. Net sales dropped 0.2% to $27.78 billion. — news from CNBC