PepsiCo (NASDAQ:PEP) said today its fourth quarter profit nearly doubled, to $1.4 billion, or 90 cents per share, as compared to $719 million, or 46 cents per share, in the same quarter of 2008.
Revenue rose 4.5 percent, to $13.3 billion.
Earnings were inline with analyst estimates.
Pepsi said it expects to complete its acquisition of Pepsi Bottling Group (PBG) and PepsiAmericas (PAS, its two largest bottlers, buy the end of February. The company is looking for 11 to 13 percent earnings growth for full-year 2010.
PepsiCo shares are trading higher by a little over half a percent on Thursday.
Also today, liquor giant Diageo (NYSE:DEO) posted its first-half results for the 2010 fiscal year.
Net income dipped 10 percent, to 1.02 billion pounds, as underlying sales declined 2 percent.
Operating profit fell 6 percent, to 1.54 billion pounds for the first half.
Diageo, which makes Guinness and Smirnoff, said that while sales volumes in the U.S. fell, it is seeing recovery in developing markets.
Diageo shares are trading higher by a litle over a tenth of a percent on Thursday.
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