CNBC's Sara Eisen digs into the numbers behind the strong quarterly earnings of PepsiCo.» Read More
Stocks closed mostly higher Thursday as upbeat earnings news from several large U.S. companies encouraged investors. General Electric, Morgan Stanley and PepsiCo all moved higher after reporting their first-quarter financial results.
The market appeared set Thursday morning for its fourth-consecutive positive open this week, but immediately turned negative as investors sold shares in Google and IBM. Earnings from toy maker Mattel and insurer UnitedHealth also dragged down the market. While big drops in IBM and UnitedHealth helped keep the Dow Jones industrial average in the red.
Some high profile earnings beats by General Electric, Pepsico and Morgan Stanley helped counterbalance the hangover of Wednesday's big tech earnings misses.
NEW YORK— PepsiCo reported a stronger-than-expected quarterly profit as the company sold more snacks around the world and hiked prices, including on its drinks.
It's the tie together of beverages and snacks that's working really well, says Hugh Johnston, PepsiCo CFO, discussing his company's quarterly numbers and sharing his thoughts on Pepsi's diverse global brand.
Applications for US jobless aid up 2 K to 304,000 GE 1 Q earnings fall, outlook strong PepsiCo 1 Q jumps on snack sales, cost cuts Goldman Sachs earnings fall 11 percent Weak Barbie sales weigh on Mattel 1 Q World stocks subdued, Nikkei flat on profit taking Target expands subscription service tenfold EU warns Russia against using gas for politics Researcher finds flaw in Samsung fingerprint check Chipotle 1 Q profit misses view, sales surge
US stock indexes rise in pre-market trading on positive earnings from Pepsi, others Americans seeking weekly unemployment benefits rose to 304,000; still at pre-recession levels GE earnings lower because of NBC sale last year, outlook for economy positive PepsiCo quarterly profit beats expectations on stronger snack sales, cost cuts Goldman Sachs says first-quarter earnings fall 11 percent as fixed income trading slumps Mattel reports 1st quarter loss on weak sales of Barbie, weakness internationally Chipotle sales surge as more customers take a taste, but higher costs limit profit gains Target expands subscription service as it fends off Amazon.com in fight for online shoppers EU warns Russia of using gas supplies to Ukraine for political ends, urges stable supplies UnitedHealth's 1st- quarter profit tumbles 8 percent, insurer cites overhaul costs
Coca-Cola Co. rose$. 41 or 1.0 percent, to $40.59. Dr Pepper Snapple rose$. 72 or 1.4 percent, to $52.40. Molson Coors Brewing Co. rose $1.26 or 2.2 percent, to $58.53.
Rounding up all the earnings news investors should be keeping an eye on, including Goldman Sachs and Morgan Stanley preparing to report Q1 data on Thursday, with CNBC's Melissa Lee, Kate Kelly and Dominic Chu.
Coca-Cola Co. rose$. 17 or. 4 percent, to $40.35. Dr Pepper Snapple rose$. 58 or 1.1 percent, to $52.26. Molson Coors Brewing Co. rose$. 88 or 1.5 percent, to $58.15.
Some of Wednesday's midday movers:
Shares of Sodastream rose as much as 12 percent after Calcalist identified PepsiCo, Dr Pepper or Starbucks as the potential investors in the firm.
April 16- At-home soda maker Sodastream International is in early talks to sell a stake of up to 16 percent to a strategic entity, Israeli financial news daily Calcalist reported on its website.
Coca-Cola Co. rose$. 12 or. 3 percent, to $40.30. Dr Pepper Snapple rose$. 31 or. 6 percent, to $51.99. Molson Coors Brewing Co. rose$. 64 or 1.1 percent, to $57.91.
April 15- Strong sales volume growth in China helped The Coca-Cola Co beat quarterly revenue estimates as lower-priced, smaller soda bottles and juices attracted more price and health-conscious shoppers in the world's second largest economy.
CNBC.com Senior Writer John Jannarone talks about what Coca-Cola really needs to do to sustain revenue growth.
Coca-Cola showed a slight improvement in soda sales trends in the first quarter. But it a real turnaround may be a ways off.
Coca-Cola reported better-than-expected quarterly revenue, as strong sales in China more than offset a drop in Europe and flat volumes in North America.
NEW YORK— Coca-Cola, the world's biggest beverage maker, said Tuesday that the amount of soda it sold globally fell for first time in 15 years. Gary Fayard, the company's outgoing chief financial officer, attributed the decline in sodas partly to the timing of Easter, which falls in the second quarter this year instead of the first.
Coca-Cola Co. rose$. 10 or. 3 percent, to $38.73. Molson Coors Brewing Co. rose$. 46 or. 8 percent, to $57.54. PepsiCo Inc. rose$. 40 or. 5 percent, to $83.55.