PepsiCo Inc on Thursday reported a higher quarterly profit, lifted by sales gains in its snacks business. The maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice, said net income was $1.22 billion, or 79 cents per share, in the first quarter, up from $1.08 billion, or 69 cents per share a year earlier. Revenue, excluding the impact of currency translation and changes to PepsiCo's business, rose 4 per cent. Overall revenue was $12.62 billion.
GE Q1 net falls, but industrial profits rise 12%
General Electric Co reported a decline in quarterly net income on Thursday, hurt by lower revenue in its transportation business that sells locomotives, but the US conglomerate's overall industrial profits rose by 12 per cent. First-quarter net earnings fell to $3 billion, or 30 cents per share, from $3.53 billion, or 34 cents per share, a year ago, when the company's results were boosted by its sale of NBCUniversal.
GE Q1 net falls, but industrial profits rise 12%
General Electric Co reported a decline in quarterly net income on Thursday, hurt by lower revenue in its transportation business that sells locomotives, but the US conglomerate's overall industrial profits rose by 12 per cent. First-quarter net earnings fell to $3 billion, or 30 cents per share, from $3.53 billion, or 34 cents per share, a year ago, when the company's results were boosted by its sale of NBCUniversal.
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