Summary Box: PepsiCo 1Q earnings fall

AP News
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Posted: Apr 28, 2011 11:10 AM

RESULTS: PepsiCo Inc. earned $1.14 billion, or 71 cents per share, for the quarter, down from $1.43 billion, or 89 cents per share, a year ago. Adjusting for one-time items in both periods, the company earned 74 cents per share, compared with 76 cents per share last year.

REVENUE: Total revenue rose 27 percent to $11.94 billion on rising sales of snacks and drinks.

EXPECTATIONS: Analysts polled by FactSet anticipated adjusted earnings of 74 cents per share on revenue of $11.84 billion.