4/17, 4:22 PM (Source: TeleTrader)
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Chart for: Pepsico, Inc.

PepsiCo shares hit record high

Shares of PepsiCo Inc. reached a record high on Wednesday after the famous beverage company announced its best results for a key sales metrics in over three years in the first fiscal quarter, beating estimates.

PepsiCo reported a 5% increase in its net income year on year, as the operating profit rose 11% for the same period. The New York-based corporation reaffirmed its outlook for 2019, with the CEO Ramon Laguarta stating PepsiCo "remained confident in achieving financial targets it communicated earlier this year."

Company shares surged 3.29% at 10:28 am ET.

Breaking the News / MD