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PepsiCo earnings in line with estimates

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PepsiCo today reported earnings and revenue that were in line with analysts' expectations.

Earnings, excluding certain items, came to $1.49 per share, and revenue was $19.5 billion.

However, the company dropped its full-year profit forecast to $5.50 per share, below the $5.86 analysts expected the beverage maker to predict.

Read more from CNBC.

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