PepsiCo rises after forecasting smaller fall in annual core profit, upbeat quarter
** Shares of PepsiCo PEP.O up as much as 7.4% at $145.32 - highest since April 2025
** If gains hold, stock set for best day since April 2020
** Co expects smaller drop in annual core profit owing to resilient demand for its energy drinks and healthier soda brands
** Expects full-year core earnings per share to fall 1.5% vs 3% decline projected previously
** Posts second-quarter revenue of $22.73 billion vs analysts' estimates of $22.28 billion, as per data compiled by LSEG
** Logs quarterly adjusted profit of $2.12 per share, beating estimates of $2.03 per share
** We acknowledge PEP shares are cheap on a historical basis but are looking for continued delivery and further volume improvements in North America for valuation to move higher, said Nik Modi, analyst with RBC Capital Markets
** Up to last close, stock down about 11% YTD
Related Articles
NEM 2Q25 Earnings Preview
TradingKey - Newmont Corp. will release its earnings for the second quarter of the fiscal 2025 on July 24th after the bell. 2Q25 Earnings per share: $1.15 estimate vs. 2Q24 actual of $0.72 (+60% y/y).2Q25 Revenue: $4.83bn estimate vs. 2Q24 actual of $4.40bn (+10% y/y).jpg)
Best Buy: From Retail to Digital Health: Can Diversification Deliver Surprises?
TradingKey - Best Buy, a leader in consumer electronics retail, boasts a strong brand and extensive store network. Despite tariff and competitive pressures, its diversified revenue and new strategic initiatives like Best Buy Marketplace, advertising, and health tech investments are expected to drive.jpg)
Swiss Franc: Range Trading as the Optimal Investment Strategy
TradingKey - The Swiss Franc faces counteracting bullish and bearish pressures. Given these dynamics, the USD/CHF pair is likely to trade within a range in the near term. In terms of investment strategy, investors should closely monitor the 0.78 low and 0.84 high of this currency pair.
