PepsiCo announced Wednesday it beat quarterly profits expectations, earning $1.31 per share on revenue of $16.8 billion when excluding restructuring and integration costs. Analysts had expected earnings of $1.19 per share and revenue of $16.79 billion. PepsiCo reported a $2.01 billion profit for the quarter, compared to $1.49 a year ago. However, its North American beverage unit posted a 3.5 percent volume decline, with the largest decrease in the soda category.