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Earnings roundup: PepsiCo, Knight Capital Group

Wednesday, 17 Oct 2012 | 10:14 AM ET

Among the earnings stories for Wednesday, Oct. 17, from The Associated Press

Top stories:

_ PepsiCo Inc.'s net income dipped 5 percent in the third quarter, as the food and beverage maker poured more money into bolstering its flagship brands and developing new products that cater to shifting consumer tastes.

Other stories:

_ The Knight Capital Group Inc. trading firm said it lost $764.3 million in the third quarter because of a software glitch that flooded the stock market with trades one day in August, causing dozens of stocks to fluctuate wildly.

_ Halliburton Co. said its third-quarter net income fell 12 percent as drilling activity declined and costs rose in its core North American business.

_ Stanley Black & Decker's third-quarter net income fell 26 percent, and the tool maker lowered its full-year earnings forecast.

_ First Cash Financial Services Inc.'s third-quarter net income rose 3 percent as the company made more money from its pawn shops and fees and saw continued strength in Mexico.

_ Regional bank Renasant Corp. said profit in 2012's third quarter rose 8 percent as the bank set aside less to cover bad loans and made lower interest payments to savers.

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PEP
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KCG
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HAL
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FCFS
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RNST
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