9:29 ET -- PepsiCo is one of the most mentioned companies in the U.S. across all news items in the last 12 hours, according to Factiva data. PepsiCo reported a surprise drop in fourth-quarter revenue amid weakness in the North America businesses, but beat profit expectations and raised its dividend by 7%. Income jumped to $1.3 billion, or 94 cents a share, from $518 million, or 37 cents a share, in the year-ago period. Excluding nonrecurring items, core earnings per share of $1.78 beat the FactSet consensus of $1.72. Revenue slipped 0.5% to $27.85 billion, while the FactSet consensus called for an increase of 1.4% to $28.40 billion. Dow Jones & Co. owns Factiva. (chris.wack@wsj.com)


(END) Dow Jones Newswires

02-09-24 0944ET