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 | |
|---|---|---|---|---|
| 10,318.16 | 1,091.38 | 2,146.04 | 33.56 |
Oil *
77.53
|
|
DOWN
14.28
|
DOWN
3.52
|
DOWN
10.78
|
UP
0.07
|
10 Yr
3.36%
SPDR Gold
112.94
|
|
-0.14%
|
-0.32%
|
-0.50%
|
+0.21%
|
Data delayed 20 minutes |
