The world's largest US producer of soft drinks PepsiCo reported that following the results of the third fiscal quarter ended September 8, its net profit in annual terms grew by 16% to 2 billion 498 million dollars. Adjusted earnings reached 1 dollar 59 cents per share, while economists had predicted 1 dollar 57 cents per share. Quarterly revenues amounted to 16 billion 485 million dollars, having increased by 1.5% compared to the same period in 2017. Economists had expected revenue of $16 billion 360 million. The company increased sales by 2% in Europe and Asia, but reduced sales by 2% in the region covering Asia, the Middle East and North Africa.