PepsiCo Q3 core EPS $2.34 beats $2.29 estimate, revenue beats; organic growth and FY outlook miss

PepsiCo Q3 core EPS $2.34 vs est $2.29, net rev $25.27B vs est $24.96B. Organic rev growth 3.1% missed 3.8% est. FY organic rev growth guidance ~3% vs est 4.2%. Structural cost cuts planned.