February 13, 2020 / 11:12 AM / 4 days ago

Pepsico 2020 earnings forecast misses Wall Street estimates

Feb 13 (Reuters) - PepsiCo Inc forecast 2020 earnings below Wall Street estimates on Thursday and predicted slower organic revenue growth than last year.

The soda and snack maker forecast core earnings of $5.88 per share. Analysts are expecting a profit of $5.95 per share, according to IBES data from Refinitiv.

Organic revenue, which strips out the impact from currency fluctuation and deals, is expected to rise 4% this year compared with 4.5% in 2019. (Reporting by Nivedita Balu in Bengaluru Editing by Tomasz Janowski)

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