(Finance) – Marked rise for PepsiCowhich translates into a profit of 1.67% on previous values.
The US multinational of food, snacks and beverages celebrates the second quarter numbers and the increase in annual estimates.
“We are very pleased with our performance for the second quarter as our business momentum remains strong. As a result, now We expect our full-year organic revenue to grow 10% (previously 8%) and our constant currency core EPS will increase by 12% (previously 9%),” said the CEO Ramón Laguarta.
The scenario on a weekly basis of the food and beverage company detects a loosening of the curve with respect to the force expressed by NASDAQ 100. This retreat could make the title subject to sales by operators.
The technical status of PepsiCo it shows signs of worsening with the support area set at 184.1 USD, while on the upside, the resistance area is identified at 187.5. For the next session we could see a new bearish cue with a target estimated probably at 182.