PepsiCo 4th Quarter Profit Down

PepsiCo Inc. (PEP) said its fourth-quarter profit fell partly on restructuring and impairment charges, but adjusted results met analysts' expectations.

Earnings dropped to $719 million, or 46 cents per share, compared with $1.26 billion, or 77 cents per share, a year earlier. Excluding restructuring and impairment charges and other items, net income was $1.39 billion, or 88 cents per share. That matched analysts' average earnings expectation of 88 cents per share.

by Mark Anderson | 02/13/09 | Stocks: PEP,

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PepsiCo 4th Quarter Profit Down

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