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PepsiCo (PEP) earned $1.12 per share in the fourth quarter, beating analysts' estimate of $1.08. Revenue in the fourth quarter decreased 0.8% year-over-year to $19.95 billion, but exceeding analysts' estimate of $19.66 billion.
The company announced a 7.3% rise in its annualized dividend to $2.81 per share from $2.62 per share.
PepsiCo (PEP) shares increased to $100.63 (+2.69%) prior to the opening bell.
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