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Earnings Preview: PepsiCo to Report Financial Results Pre-market on July 11
$PepsiCo(PEP.US)$ is scheduled to release its financial results pre-market on July 11. Earnings PreviewAnalysts estimate $PepsiCo(PEP.US)$ to post revenue of USD22.65 billion for 2024Q2, up 1.48% YOY;
Tesla, Boeing, Paramount, and More Stock Market Movers
Tesla trades lower following an eight-session winning streak for shares of the electric-vehicle maker, Boeing agrees to plead guilty to a criminal fraud charge related to the crashes of two 737 MAX jets, while Paramount reaches a merger deal with Skydance.
Carlsberg (CABGY.US) has raised its offer to acquire British bottled beverage company Britvic from PepsiCo (PEP.US) to 3.3 billion British pounds.
Carlsberg will acquire Britvic, a British PepsiCo bottle supplier, for 3.3 billion British pounds.
Merger Monday: Carlsberg to Buy Britvic in $4B Deal
Financial preview: Consumer spending shows weakness. Can PepsiCo (PEP.US) maintain its growth?
Market expects PepsiCo's Q2 revenue to be $22.65 billion, a 1.5% year-on-year increase. The expected EPS is $2.16, compared to $2.09 in the same period last year.
Stocks Poised to Open Lower
This week's economic highlights include the June consumer price index, the first batch of second-quarter earnings, and Fed Chair Jerome Powell's semiannual report to Congress.