PepsiCo Beats Estimates And Reaffirms Guidance (PEP)

4-26-12-PepsiCo (NYSE:PEP) reported Q1 EPS of $0.69, topping estimates of $0.67.Revenues in the quarter came in at $12.4 billion, inline with estimates.PepsiCo expects to return over $6 billion in dividends, buybacks.The company reaffirmed its EPS forecast.SmarTrend is bullish on shares of PepsiCo and our subscribers were alerted to buy on March 21, 2012 at $65.31. The stock has risen 2.1% since the alert was issued.