Pepsi’s earnings were better than expected but the stock lost ground.  Pepsi’s CEO Indra Nooyi  said “I have no idea why the stock behaved the way it did, I think our numbers knocked the socks off anything.” Pepsi, with its 4% volume growth, 11% revenue growth and 10% operating profit growth, had “fantastic numbers” any way people look at it.  Pepsi has plans to cover next year’s inflation and is recommitting to at least 10% earnings per share growth, she said.  Look for Pepsi to rise in the upcoming trading days.

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