09.07.2015 - PepsiCo reported strong results for the second quarter
Today PepsiCo, which is one of the leaders in the global beverage market has published a report for the second quarter. Thus, the company's results were better than analysts' expectations, which has led to the growth of quotations prior to the opening of the trading session in the United States. Net profit totaled 1.98 billion dollars against 1.978 billion dollars in the same period last year. At the same time, the company's revenue fell by 6% to 15.92 billion, but the figure was better than expected 15.80 billion. The negative remains the effect of the strong dollar. We forecast the company's shares growth by 15-17% per annum in the medium term.