PepsiCo is a global food and beverage leader, known for producing a diverse range of products that include well-known brands in the beverage, snack, and food categories
The company operates in various segments, offering carbonated and non-carbonated drinks, as well as an assortment of snack foods, including chips, cereals, and nutrition bars. PepsiCo is committed to innovation and sustainability, continuously adapting its product offerings to meet changing consumer preferences and dietary requirements while focusing on reducing its environmental footprint. Through its extensive distribution network, the company reaches consumers in more than 200 countries, making it a key player in the global food and beverage industry.
Let's have a look at what is happening on the US markets one hour before the close of the markets on Tuesday. Below you can find the top S&P500 gainers and losers in today's session.
Food and beverage company PepsiCo (NASDAQPEP) met Wall Street’s revenue expectations in Q4 CY2024, but sales were flat year on year at $27.78 billion. Its non-GAAP profit of $1.96 per share was 0.9% above analysts’ consensus estimates.
Stock futures declined as China imposed retaliatory tariffs and investigated Google for antitrust violations. Palantir soared 19% after strong earnings, while Tesla and Clorox faced declines.
The US market is yet to commence its session on Tuesday, but let's get a preview of the pre-market session and explore the top S&P500 gainers and losers driving the early market movements.
U.S. stocks advanced midday Tuesday, demonstrating resilience despite escalating geopolitical tensions and trade uncertainties between the world’s two largest economies.
Monday’s trading session resulted in slight negative closes across major indexes, but there’s good news here: whereas the Dow finished the trading day -122 points, it was -400 a half hour before this morning’s open.
PepsiCo shares dropped in premarket trading following a weaker-than-expected fourth-quarter revenue report. The company posted a slight sales decline of 0.2%, totaling $27.78 billion, below analyst estimates.
