10:08 ET -- PepsiCo Inc. is one of the most talked about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. The beverage and snacks giant posted better-than-expected quarterly earnings and raised its full-year guidance for sales and profits. It now expects organic sales to rise 12% this year, double the original forecast at the outset of the year, and forecast per-share earnings growth of 10% when excluding the effects of currency translation, up from 8% previously. PepsiCo also signaled it is ready to keep raising prices if costs continue to rise. PepsiCo shares gained 3.5% to $168.29. Dow Jones & Co. owns Factiva. (colin.kellaher@wsj.com)


(END) Dow Jones Newswires

10-12-22 1023ET