PepsiCo profit falls in third quarter

Reuters

PepsiCo Inc reported lower quarterly earnings on Wednesday, after the stronger U.S. dollar hurt revenue.

The maker of Diet Pepsi, Frito-Lay snacks and Tropicana orange juice said net income was $1.90 billion, or $1.21 per share, down from $2.00 billion, or $1.25 per share, a year earlier.

Continue Reading Below

Revenue fell 5 percent to $16.65 billion.

(Reporting by Martinne Geller in New York; Editing by Maureen Bavdek)