PepsiCo earnings top Wall Street estimates

Shares of the company rose less than 1% in premarket trading.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Revenue: $20.67 billion, vs. $20.27 billion expected The food and beverage giant reported fiscal fourth-quarter net income of $1.77 billion, or $1.26 per share, down from $6.85 billion, or $4.83 per share, a year earlier.

Excluding items, the Fritos owner earned $1.45 per share, topping the $1.44 per share expected by analysts surveyed by Refinitiv.In 2020, Pepsi expects 4% organic revenue growth and 7% earnings per share growth after stripping out currency fluctuations.

It’s all these political rallies!

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Asia stocks set to rise as Wall Street shrugs off virus fears and touches record highsStocks in Asia were set to trade higher on Wednesday following overnight momentum from Wall Street as the S&P 500 and Nasdaq Composite touched fresh record closing highs. Can we all just take a minute to reread, and then process this headline Nothing to see here, folks. Just another day in China...spraying the streets and buildings with bleach!
La source: CNBC - 🏆 12. / 72 Lire la suite »

Warner Music Group’s IPO Confirms Industry’s Sexiness to Wall StreetWith Universal Music Group recently valued at $33 billion — as part of its agreement to sell 10% of itself to a consortium led by Chinese tech giant Tencent — it’s really no surprise that its compe… warnermusic warnermusic Absolutely gross headline here
La source: Variety - 🏆 108. / 63 Lire la suite »