Shares of PepsiCo Inc. slumped premarket Friday, after the beverage and snack giant reported a surprise decline in revenue, marking the first miss of expectations in at least five years amid weakness in the North America businesses.
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PepsiCo beat Wall Street’s estimates for third-quarter earnings and revenue.
PepsiCo on Thursday reported quarterly earnings and revenue that topped analysts’ expectations, despite falling demand for its drinks and food.
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