PepsiCo, Inc. (NASDAQ:PEP) will release earnings results for the third quarter, before the opening bell on Thursday, Oct. 9.
Analysts expect the Purchase, New York-based company to report quarterly earnings at $2.26 per share, down from $2.31 per share in the year-ago period. PepsiCo projects quarterly revenue of $23.86 billion, compared to $23.32 billion a year earlier, according to data from Benzinga Pro.
Last month, activist investor Elliott Investment Management took a roughly $4 billion stake in PepsiCo, making it one of the company’s top five active shareholders.
PepsiCo shares fell 0.2% to close at $141.98 on Friday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, …