PepsiCo beats on earnings, revenue

div > div.group > p:first-child"> Shares of the company rose less than 1 percent in premarket trading following the announcement.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: The Frito-Lay owner reported fiscal first-quarter net income of $1.41 billion, or $1.00 per share, up from $1.34 billion, or 94 cents per share, a year earlier. Excluding items, PepsiCo earned 97 cents per share, topping the 92 cents per share expected by analysts surveyed by Refinitiv.The company disappointed investors last quarter when it forecast declining 2019 earnings as it spends more on marketing and advertising to boost sales. To balance those investments, PepsiCo is planning to slash at least $1 billion in costs every year through 2023, which will include layoffs in jobs that can be replaced by automation.

PepsiCo is up because of more legalized weed consumption.

and now they want to launch satellites to advertise from space in the sky.

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Delta's first-quarter earnings, revenue beat Wall Street expectationsInvestors were expecting a strong quarter from Delta, especially after it raised its earnings and revenue guidance last week.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »

Financial stocks getting a big boost after J.P. Morgan Chase, Wells Fargo earnings beatsFinancial stocks are on track for a broad rally Friday, as better-than-expected first-quarter earnings reports from sector heavyweights J.P. Morgan Chase...
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Delta Air Lines beats on earnings and guidanceDelta Air Lines reported first-quarter earnings that topped Wall Street expectations, sending shares up 1.67%.
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Cannabis stocks led down by Aphria as quarterly loss overshadows revenue surgeCannabis stocks were mostly lower Monday, led down by Aphria Inc. after it swung to a wide loss in the third quarter that overshadowed a surge in revenue. litenpuppe
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »