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PepsiCo Q3 earnings top estimates, but company lowers full-year core EPS forecast to 2.5%-3.5%
PepsiCo reported Q3 earnings and revenue that topped analysts' expectations, driven by international growth. However, the company lowered its full-year core earnings per share forecast to an increase of 2.5% to 3.5%, down from its previous projection of 5% to 7%. Net sales rose 5.6% to $25.27 billion, with organic revenue up 3.1%.
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