PepsiCo. Inc. (NYSE: PEP) shares rose 0.8% to $85.48. The food company said Thursday its first-quarter profit rose 13% to $1.22 billion, or 79 cents a share, from $1.08 billion, or 69 cents a share, in the year-ago period. Adjusted earnings were 83 cents a share and revenue inched up to $12.62 billion from $12.58 billion. PepsiCo’s first-quarter results beat expectations. Share volume was one million, compared to an all-day average of 1.7 million
