The soda wars continue but it looks like Purchase-based Pepsi is winning on Wall Street.
Shares of Pepsi hit an all-time high Thursday after the beverage giant reported its' third-quarter earnings.
The numbers blew away forecasts thanks to strong demand in emerging markets.
Rival Coca-Cola also hit a new record Thursday, but Pepsi's stock is up 14 percent this year compared to just a 7 percent gain for Coke.