PepsiCo Lifts FY23 View Above Market As Q1 Core EPS, Revenues Beat

Snack and beverage giant PepsiCo Inc. reported Tuesday weak profit in its first quarter, while core earnings and revenues improved and beat market estimates. Further, the company lifted fiscal 2023 forecast for core earnings per share above the Street view, as well as organic revenue growth forecast. In pre-market activity on Nasdaq, PepsiCo shares were gaining around 2 percent.

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