{"id":68407,"date":"2022-07-12T20:47:00","date_gmt":"2022-07-12T16:47:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=68407"},"modified":"2022-07-13T03:59:27","modified_gmt":"2022-07-12T23:59:27","slug":"pepsico-announces-strong-earnings","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/pepsico-announces-strong-earnings\/07\/12\/market-updates\/","title":{"rendered":"PepsiCo Announces Strong Earnings"},"content":{"rendered":"\n<p>PepsiCo reported strong performance on several fronts. On Tuesday morning, premarket session did not look as positive as Monday\u2019s Wall Street. Awaiting US CPI data has turned Tuesday into a kind of a waiting lounge for the markets.  <br><br>The Earnings season is starting this week, and one of the first companies to report was PepsiCo (PEP -0.57%). The company\u2019s financial results were good. Shares were higher by more than 1% on Tuesday morning. Investors felt pleased with the company&#8217;s second-quarter results.<br><br>PepsiCo enjoyed a 5.2% rise in revenue in the second quarter, overcoming the negative impact by the strong US dollar that took away about 3 percentage points of sales growth. On an adjusted basis, core earnings came in at $1.86 per share, which was 10% higher than in 2021. Many of PepsiCo&#8217;s business units stood out as strong performers as well.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PepsiCo reported strong performance on several fronts. On Tuesday morning, premarket session did not look as positive as Monday\u2019s Wall Street. Awaiting US CPI data has turned Tuesday into a kind of a waiting lounge for the markets. The Earnings season is starting this week, and one of the first companies to report was PepsiCo &hellip;<\/p>\n","protected":false},"author":13,"featured_media":68411,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[7987,7113,8785,9810],"class_list":["post-68407","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-cpi-data","tag-earnings","tag-pepsico","tag-second-quarter-results"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68407","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=68407"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68407\/revisions"}],"predecessor-version":[{"id":68412,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/68407\/revisions\/68412"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/68411"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=68407"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=68407"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=68407"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}