PepsiAmericas Lowers Full-year Adj. Profit Outlook
MINNEAPOLIS (AP) PepsiAmericas Inc. lowered its full-year adjusted profit outlook Wednesday, saying it expects factors pressuring its business such as the recession to continue.
The second-largest Pepsi bottler now anticipates adjusted earnings of $1.83 to $1.87 per share. In July, after its second-quarter results, the company boosted its guidance to $1.87 to $1.94 a share. Analysts polled by Thomson Reuters, whose estimates normally exclude one-time items, predict a profit of $1.93 per share. PepsiAmericas also said Wednesday that its third-quarter profit dropped 14.1 percent and missed analyst expectations. The company's shares rose 33 cents to $23.10 in premarket trading.- Loading Comments...
- Loading Comments...
Recent Comments
Featured Photo Galleries
Connect with TheStreet
 |
 |
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
Data delayed 20 minutes |
