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Coca-Cola Co. fell$. 36 or. 9 percent, to $40.95. Dr Pepper Snapple rose$. 14 or. 2 percent, to $78.95. Molson Coors Brewing Co. fell$. 41 or. 5 percent, to $75.12.
U.S. stocks closed near highs, with the Nasdaq at a record, as investors cheered corporate reports.
NEW YORK— Procter& Gamble and Facebook seem to have nothing in common. Delta Air Lines said it hurt ticket sales. "Everybody is talking about the hit from the dollar, especially big multinationals," said Russell Price, senior economist at Ameriprise Financial.
Coca-Cola Co. fell$. 03 or. 1 percent, to $41.28. Dr Pepper Snapple rose$. 93 or 1.2 percent, to $79.74. Molson Coors Brewing Co. rose$. 01 or percent, to $75.54.
*Pepsi, P&G, 3 M blame strong dollar for missing estimates. *Texas Instruments slump pulls down chipmakers. Both Brent and U.S. crude futures rose more than 3 percent on heightened concerns over the security of Middle East supplies as a civil war escalated in Yemen.
Coca-Cola Co. fell$. 18 or. 4 percent, to $41.14. Dr Pepper Snapple rose$. 04 or. 1 percent, to $78.85. Molson Coors Brewing Co. fell$. 22 or. 3 percent, to $75.31.
April 23- PepsiCo Inc reported better-than-expected first-quarter profit, helped by stronger demand for its Frito-Lay snacks in North America and price increases in its beverage business. PepsiCo's net revenue fell 3.2 percent to $12.22 billion in the quarter, for the first time in four quarters. Rival Coca-Cola Co reported a rise in revenue for the first...
*Pepsi, P&G, 3 M blame strong dollar for missing estimates. Business activity slowed more than expected in the euro zone this month while manufacturing in Asia's top two economies hit the brakes, suggesting the global recovery path is less clear than policymakers are predicting. The fall in European stock markets and the weaker PMI numbers across the board had...
*Pepsi, P&G, 3 M blame strong dollar for missing estimates. April 23- U.S. stocks were set to open lower on Thursday weighed by soft data out of Europe and China, while companies such as Procter& Gamble and 3 M joined others in issuing disappointing forecasts. The fall in European stock markets and the weaker PMI numbers across the board dragged futures lower on Wall...
PepsiCo CFO Hugh Johnston, discusses the company's quarterly results and the outlook on growth in the beverage and snack business.
CNBC's Kate Rogers reports the latest on Coca-Cola and Pepsi.
U.S. stock index futures pointed to a lower open Thursday, with Wall Street jittery ahead of day crammed with major corporate earnings.
April 23- PepsiCo Inc reported a better-than-expected quarterly profit, helped by higher demand for its Frito-Lay snacks in North America and beverages in the Americas. PepsiCo's net revenue fell 3.2 to $12.22 billion in the first quarter, for the first time in four quarters. The dollar which has surged about 8.5 percent against a basket of major currencies...
BRUSSELS, April 23- A Luxembourg court has charged a French journalist with aiding the leaking of confidential information at accounting firm PWC, which led to the disclosures about custom made tax deals for large corporations known as LuxLeaks. The Luxembourg court's decision comes after two former employees of PWC were charged with theft, breaching...
Some of the names on the move ahead of the open.
PURCHASE, N.Y. _ PepsiCo Inc. on Thursday reported first-quarter net income of $1.22 billion. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share. PepsiCo shares have risen nearly 3 percent since the beginning of the year, while the Standard& Poor's 500 index has risen slightly more than 2 percent.
NEW YORK— PepsiCo's profit in the first quarter topped Wall Street expectations, boosted by the popularity of its Frito-Lay snacks and lower costs. PepsiCo's snack and beverage volumes rose in the unit encompassing Asia, the Middle East and Africa. For the full year, PepsiCo said it now expects currency translations to hit its core earnings per share by 11...
April 23- PepsiCo Inc said its quarterly revenue fell 3.2 percent, largely due to a strong dollar. The company's net revenue fell to $12.22 billion in the first quarter ended March 21, from $12.62 billion a year earlier. Net income attributable to PepsiCo was little changed at $1.22 billion but earnings per share rose to 81 cents from 79..
PepsiCo delivered quarterly earnings that topped analysts' expectations on Thursday.
Investors will eye more earnings amid the possibility of a breakout in stocks to record levels on Thursday.