SPCB - US Stocks Gain; PepsiCo Posts Upbeat Earnings | Benzinga
U.S. stocks traded higher this morning, with the Dow Jones gaining more than 50 points on Tuesday.
Following the market opening Tuesday, the Dow traded up 0.19% to 33,668.96 while the NASDAQ rose 0.16% to 13,505.57. The S&P 500 also rose, gaining, 0.18% to 4,343.67.
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Leading and Lagging Sectors
Consumer staples shares rose by 0.8% on Tuesday.
In trading on Tuesday, real estate shares fell by around 0.3%.
Top Headline
PepsiCo Inc (NASDAQ: PEP) reported better-than-expected earnings for its third quarter on Tuesday.
The company posted third-quarter FY23 sales growth of 6.7% year-on-year to $23.45 billion, beating the analyst consensus estimate of $23.43 billion. Adjusted EPS of $2.25 beat the consensus estimate of $2.15.
PepsiCo continues to expect FY23 organic revenue growth of 10%. For FY23, the company now expects to deliver 13% core constant currency EPS growth (previously 12%). The company raised its FY23 adjusted EPS outlook from $7.47 to $7.54 versus the consensus ...