PepsiCo Q1 Results Top Estimates, Reaffirms FY19 Outlook

Snack and beverage giant PepsiCo Inc. (PEP) on Wednesday reported an increase in net income for the first quarter, reflecting higher revenues. Both adjusted earnings per share and net revenues for the quarter beat analysts’ estimates. The company also reaffirmed its earnings and organic revenue growth outlook for the full-year 2019.
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AT&T Q4 Profit Matches Estimates, Revenue Up 15.2%; Reaffirms FY19 Guidance

AT&T Inc. (T) reported fourth-quarter net income attributable to company of $ 4.9 billion, or $ 0.66 per share, compared to $ 19.0 billion, or $ 3.08 per share, in the year-ago quarter which reflected the impact of the December 2017 federal Tax Cuts and Jobs Act. Adjusting for items, earnings per share was $ 0.86 compared to an adjusted $ 0.78 in the year-ago quarter, a 10% increase. On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $ 0.86 for the quarter. Analysts’ estimates typically exclude special items.
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