Today, Pepsi Bottling Group Inc. (NYSE:PBG) posted it 2Q fiscal results for the period ending June 14. Net income rose 7.4% to $174 million, or $0.78 per share, from $162 million, or $0.70 per share, in the year ago period. Revenue increased 4.8% to $3.52 billion. The increase was due to an increase in prices though the company has cut its outlook for 2008 revenue growth by 1 percentage point to between 5% and 6%. Pepsi has confirmed its earnings of $2.30 to $2.38 per share.

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