PepsiCo said that it expects to meet or exceed its 2019 outlook for organic revenue growth.
Chris Rank | Bloomberg | Getty ImagesShares of the food and beverage giant jumped 3% 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: $17.19 billion vs. $16.93 billion expected Pepsi reported fiscal third quarter net income of $2.1 billion, or $1.49 per share, down from $2.5 billion, or $1.75 per share, a year earlier.
Excluding items, Pepsi earned $1.56 per share, topping the $1.50 per share expected by analysts surveyed by Refinitiv.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stitch Fix shares whipsaw on earnings beatStitch Fix's active client base grew 18% year over year, reaching 3.2 million people, the company said when it reported earnings after the bell on Tuesday.
Read more »
Cybersecurity firm FireEye spikes after reportedly hiring Goldman Sachs for a potential saleThe stock price jump arrives as major US indexes fall roughly 2% on negative economic data and reignited recession fears.
Read more »
Johnson & Johnson stock price jumps on opioid lawsuit settlementThe pharmaceutical giant paid $20.4 million to settle the two Ohio opioid lawsuits. J&J said the settlement includes no admission of liability.
Read more »
Thailand expects jump in Chinese tourists in Golden Week after year-ago lullThailand is set to see a jump in visitors from China during the 'Golden Wee...
Read more »
Europe third-quarter earnings outlook deteriorates as trade war, Brexit biteEuropean companies are heading for their worst quarterly earnings in three years...
Read more »
The Ken Burns Effect: How ‘Country Music’ Doc Surged Sales for Country LegendsHow Ken Burns’ ‘Country Music’ documentary boosted sales and streams for Waylon Jennings, Kathy Mattea, and more
Read more »