More of today’s most important earnings reports previewed: PepsiCo Inc. (NYSE:PEP) will announce its earnings today after what has been a tough couple of years for the company. Though its huge portfolio of products is doing well it still suffers from second place syndrome because of the eponymous cola. Recent sales data indicated that Pepsi had become the number 3 selling beverage in the United States after Coca Cola and Diet Coke, a black eye for the company. Analysts are expectin the firm to announce earnings per share of 66 cents on revenue of $12.4 billion. Last years numbers were higher…
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