Pepsico Jumps After Raising Forecast on North America Sales Gain
- Soda maker’s second-quarter profit beats analysts’ estimates
- Company benefiting from relative strength of the U.S. market
PepsiCo Q2 Profit Tops Analysts' Estimates
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PepsiCo Inc. surged after second-quarter profit beat analysts’ estimates and the company boosted its full-year forecast, helped by rising sales of snacks and soft drinks in North America.
The shares climbed as much as 2.9 percent to $109 in New York, the biggest intraday gain since Oct. 22. The stock already had advanced 6 percent this year through Wednesday.