PepsiCo Stock Rises as Organic Revenue Forecast Tops Estimates

PepsiCo Stock Rises as Organic Revenue Forecast Tops Estimates

Business
October 12, 2022 by keithhill530
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[ad_1] PepsiCo reported third-quarter adjusted earnings of $1.97 a share, topping analysts’ estimates, and said it expects organic revenue in the fiscal year to rise 12%, higher than its prior estimate of up 10%, and higher than Wall Street forecasts. The stock was rising 1.9% in premarket trading Wednesday. [ad_2] Source link
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PepsiCo


reported third-quarter adjusted earnings of $1.97 a share, topping analysts’ estimates, and said it expects organic revenue in the fiscal year to rise 12%, higher than its prior estimate of up 10%, and higher than Wall Street forecasts.

The stock was rising 1.9% in premarket trading Wednesday.

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