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PepsiCo reports higher profit despite economic pressures

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PepsiCo Inc.(NYSE:PEP) reported net income of $1.91 billion, or $1.23 per share, in the third quarter, up less than 1 percent from $1.90 billion, or $1.21 per share, a year earlier.

According to a Reuters report, the company has been under pressure to buy Oreo cookie maker Mondelez International and split off its soft-drink business.

Revenue rose to $16.9 billion.

Read more from Reuters.

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