PepsiCo Inc (PEP.N) raised its full-year earnings forecast and said snack sales helped its quarterly profit beat expectations, sending its shares up more than 1 percent in morning trading on Thursday.
The company, which makes Frito-Lay snacks and beverage brands like Mountain Dew and Tropicana, said its quarterly performance underscored how its beverage and snacks businesses worked well together.
Trading Tip: Pepsi shares are on the rise and they might keep going up so watch for any news regarding the subject.
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