(Reuters) - PepsiCo Inc
The maker of Pepsi-Cola, Frito-Lay snacks and Tropicana juice, which is under pressure by activist investor Nelson Peltz, said net income was $2.01 billion, or $1.28 per share in the second quarter, up from $1.49 billion, or 94 cents per share a year earlier.
Excluding items, earnings were $1.31 per share. On that basis, analysts on average were expecting $1.19 per share, according to Thomson Reuters I/B/E/S.
In an interview on CNBC, PepsiCo Chief Financial Officer Hugh Johnston said the company's broad portfolio played a role in its strong performance and dismissed Peltz's notion that it should buy Mondelez International
"We think PepsiCo as a portfolio is working so well right now and the complexity of taking on an $80 billion acquisition and somehow trying to do all that integration, frankly, will distract the business from doing what it is that we're doing right now, which is creating a lot of value for shareholders," Johnston said.
(Reporting by Martinne Geller in New York; Editing by Maureen Bavdek)
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