Jim Cramer tackled some of the top headlines of the day on Tuesday, Oct. 2.
He kicked off with PepsiCo PEP , which released third quarter earnings on Tuesday morning.
PepsiCo announced earnings per share of $1.75, which beat analyst expectations of $1.57.
“We continued to see very strong operating performance from our international divisions, propelled by developing and emerging markets,” said outgoing CEO Indra Nooyi. “On the strength of our year-to-date results, we have revised upward our full-year organic revenue growth target.”
In morning trading, PepsiCo was down 1% to $109.46.
TheStreet’s Martin Baccardax reported on the earnings and wrote, “however, Pepsi shaved a few pennies from its full-year earnings per share forecast, with a new target of $5.65 each, narrowly shy of the $5.69 consensus, sending the stock lower in premarket trading.”
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