PepsiCo Inc reported lower quarterly earnings on Thursday, citing a hit from the devaluation of the Venezuelan currency.
The maker of Pepsi sodas, Tropicana juices, Frito-Lay snacks and Quaker oatmeal said net income was $1.08 billion, or 69 cents per share, in the first quarter, down from $1.13 billion, or 71 cents per share, a year earlier.
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Revenue rose about 1 percent to $12.58 billion.
(Reporting by Martinne Geller in New York; Editing by Gerald E. McCormick)