PepsiCo's (PEP) said second-quarter reported earnings per share fell 7% from a year earlier to 98 cents, while reported net income declined 3%, citing currency fluctuations. Core constant currency EPS rose 7% to $1.09, while core constant currency net earnings rose 11%, the company said in a statement.
The company repurchased $2.6 billion of common stock in the second quarter, it said in a statement. It also spent $739 million on dividends.
"We posted a solid second quarter, exceeding our core constant currency EPS growth target for the first half of the year," said PepsiCo Chairman and CEO Indra Nooyi.
Small Cap Investing
Learn now to invest in small companies the right way.View Course »