06:35 AM EDT, 10/08/2024 (MT Newswires) -- PepsiCo ( PEP ) reported fiscal Q3 core earnings Tuesday of $2.31 per diluted share, up from $2.25 a year earlier.

Analysts surveyed by Capital IQ expected $2.29.

Net revenue for the quarter ended Sept. 7 was $23.32 billion, down from $23.45 billion a year earlier.

Analysts surveyed by Capital IQ expected $23.78 billion.

For 2024, the company expects low-single-digit increase in organic revenue. The company said its assumption and guidance imply 2024 core EPS of at least $8.15. Analysts surveyed by Capital IQ expect $8.14.

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