Company News: PepsiCo (PEP) quarterly earnings beat analysts’ expectations

Market news

9 July 2019

Company News: PepsiCo (PEP) quarterly earnings beat analysts’ expectations

PepsiCo (PEP) reported Q2 FY 2019 earnings of $1.54 per share (versus $1.61 in Q2 FY 2018), beating analysts’ consensus of $1.51.

The company’s quarterly revenues amounted to $16.449 bln (+2.2% y/y), generally in line with analysts’ consensus estimate of $16.440 bln.

The company reaffirmed guidance for FY 2019, projecting EPS of $5.50 versus analysts’ consensus estimate of $5.53.

PEP rose to $134.00 (+1.09%) in pre-market trading.

Canada’s housing starts up 24.8 percent m-o-m in June

Canada: Housing Starts, June 245.7 (forecast 210)

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