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NEW YORK - Share of Pepsi-Cola bottler PepsiAmericas Inc. rose Tuesday after the company revised its full-year outlook higher than Wall Street expectations.
Shares in the Pepsi bottler rose $4.54, or 22.8 percent, to end at $24.47.
PepsiAmericas, which benefited from a weak dollar, now expects full-year adjusted profit of $1.92 per share to $1.96 per share, compared with its prior outlook of $1.77 per share to $1.83 per share.
Analysts polled by Thomson Financial expect $1.82 per share in profit for the year, on average.
Also Tuesday, the company reported that second-quarter profit rose 16 percent, driven by growth in Central and Eastern Europe, especially in Poland, Romania and Ukraine.
PepsiCo Inc. is scheduled to report its second-quarter results on Wednesday.
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