The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $2.03 per share. The food and beverage company posted revenue of $22.73 billion in the period, which also topped Street forecasts.

Shares of PepsiCo Inc. were climbing more than 6% in Thursday afternoon trading, boosted by the food-and-beverage giant's second-quarter results and its maintained full-year outlook. The stock is on pace to post its biggest one-day gain since it rose 6.