Shares of PepsiCo Inc. PEP, +0.67% rose 1.8% in premarket trading Tuesday, after the beverage and snack giant reported third-quarter earnings that topped consensus and raised its full-year guidance.
Net income rose to $3.092 billion, or $2.24 a share, from $2.702 billion, or $1.95 a share, in the same period a year ago. Excluding nonrecurring items, core earnings per share of $2.25 was ahead of the FactSet consensus of $2.15. Revenue grew to $23.453 billion from $21.971 billion, also ahead of the FactSet consensus of $23.413 billion.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Unity Software, Northrop, PagerDuty, Ventyx, PepsiCo, and More Stock Market MoversUnity Software Chairman and CEO John Riccitiello is retiring, Northrop Grumman stock extends gains, and PepsiCo is scheduled to report third-quarter earnings.
Source: MarketWatch - 🏆 3. / 97 Read more »
New 'olive oil martini' in a can hits non-alcoholic beverage market: Would you try it?Aura Bora, a sparkling water company, and Graza, an olive oil brand, have teamed up to create an olive oil martini — a non-alcoholic cocktail designed to be 'gulped.'
Source: FoxBusiness - 🏆 458. / 53 Read more »
JPMorgan earnings, inflation data and UAW strike top week aheadThe United Auto Workers strike against Ford, General Motors and Stellantis is entering its fourth wee, and Wall Street investors eye earnings from JPMorgan, Blackrock and PepsiCo.
Source: FoxBusiness - 🏆 458. / 53 Read more »