The Zhitong Finance App learned that PepsiCo (PEP.US) lowered profit expectations, and the snack and beverage giant's recovery process in the North American market has taken longer than expected. Financial reports showed revenue of US$25.27 billion, up 5.6% year over year, exceeding expectations of US$310 million; adjusted earnings per share were US$2.34, exceeding expectations of US$0.04.

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