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PepsiCo's profits drop

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PepsiCo Inc. reported third quarter net income of $2.1 billion, a decrease from $2.5 billion a year earlier.

Adjusted earnings were $1.56 a share, down from $1.59 but above analysts' expectations of $1.50.

Revenue grew 4.3% to $17.2 billion during the quarter.

Read more from The Wall Street Journal.

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