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PepsiCo swings to a net loss

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PepsiCo Inc. reported a fourth-quarter net loss of $710 million, compared with earnings of $1.4 billion a year earlier.

The loss was brought about by a $2.5 billion one-time charge related to tax law changes.

Excluding one-time items, earnings per share came to $1.31, ahead of analysts' expectations by a cent.

Read more from Reuters.

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