PepsiCo posts earnings of $1.32 a share vs. $1.23 a share estimated

Wall Street expected PepsiCo to report earnings of $1.23 a share on revenue of $16.81 billion. On Tuesday, PepsiCo's beverages competitor Coca-Cola reported quarterly earnings that beat estimates by a penny a share, a sign of "steady progress" in North America, Chairman and CEO Muhtar Kent told CNBC..