Next Week’s Earnings Report Preview (July 17 – 23, 2017)

Earnings | DF Markets
This week’s announcements

PepsiCo‘s quarterly profit rose, mainly backed up by higher sales of Frito-Lay in North America and the sale of its stake in Britvic. Net income attributable to PepsiCo rose to $2.11 billion, or $1.46 per share, from $2.01 billion, or $1.38 per share, a year earlier. Revenue rose 2.1 percent to $15.71 billion. On average analysts had expected earnings of $1.40 per share on revenue of $15.60 billion, according to Thomson Reuters.

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Next Week’s Earnings Report Preview (July 3-9, 2017)

Earnings | DF Markets
This week’s announcements

Cereal maker General Mills reported better-than-expected quarterly earnings as it cut back promotions and kept an eye on costs in order to stop increasing them. Net income rose to $408.9 million, or 69 cents per share, in the quarter, from $379.6 million, or 62 cents per share, a year earlier. Analysts had expected earnings of 71 cents per share and revenue of $3.75 billion, according to Thomson Reuters I/B/E/S. Net sales fell 3.1 percent to $3.81 billion, capping two years of falling quarterly sales, but beat the analysts’ average estimate for the first time in a year.

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