PepsiCo Beats Wall Street Estimates for Q4

PepsiCo delivered wins on both the EPS and revenue fronts, registering $2.26 EPS adjusted versus $2.24 expected and $29.34 billion in revenue against $28.97 anticipated for the fourth quarter. The company is planning price cuts to some of its most popular snacks, including Doritos and Tostitos (via CNBC).