PepsiCo, Inc. (NASDAQ: PEP) started its trading session with the price $110.45, and reached at price of $108.05 by recording -2.40%. Previous 5 days graph demonstrated an adverse move of -1.39%. PEP’s quarterly performance remained green with the percentage of 1.08, while its year to date performance showed that the stock plunged overall -7.68%.
On Tuesday, PepsiCo Inc. stated third quarter earnings of $2.5 billion.
The company said it had profit of $1.75 per share. Earnings, adjusted for one-time gains and costs, were $1.59 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The food and beverage company posted revenue of $16.49 billion in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks predictable $16.38 billion.
PepsiCo anticipates full-year earnings to be $5.65 per share.
PEP’s stock traded with total volume of 1.07M shares while the average trading capacity remained 5.09M shares. The beta of the PEP’s stands at 0.69. Day range of the stock was $108.15 – $111.11.