PepsiCo Lifts FY22 View As Q3 Results Top Estimates

Snack and beverage giant PepsiCo Inc. on Wednesday lifted its fiscal 2022 core earnings per share forecast above market estimates, as well as organic revenue growth view after reporting higher third-quarter results. Both earnings and top line beat Wall Street view. In pre-market activity on Nasdaq, Pepsi shares were gaining around 2.7 percent to trade at $166.96.

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American Airlines Now Sees Q3 Total Revenue Higher Than Prior Guidance - Quick Facts

American Airlines Group Inc. (AAL) said, during the third quarter, the company flew 68.6 billion total available seat miles, down 9.6% versus the third quarter of 2019, compared to its prior guidance of down 8% to 10%. The company expects third-quarter total revenue to be up approximately 13% versus the third quarter of 2019, which is higher than its prior guidance of up 10% to 12%. American Airlines expects to report a pre-tax margin excluding net special items of approximately 4.5% in the third quarter, higher than the previous guidance of 2% to 4%. The company expects to report an operating margin of approximately 7% in the quarter.

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Rivian Recalls 13,000 Electric Vehicles; Stock Down 8%

Shares in Rivian Automotive, Inc. are slipping more than 8 percent on Monday morning after reports that the electric-vehicle maker is recalling about 13,000 vehicles, almost all of the vehicles it has produced, due to potentially loose fastener to the front steering knuckle.

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Constellation Brands Q2 Profit Tops Estimates; Beer Business Net Sales Up 15%

Constellation Brands, Inc. (STZ) said it delivered another quarter of strong business performance. Beer Business achieved double-digit net sales growth for the quarter, while Wine and Spirits net sales rose 1%. The solid top-line performance of its Beer and Wine and Spirits Businesses in the first half has given the company confidence to increase their net sales outlook for the full-year.

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Conagra Brands Reaffirms FY23 Outlook - Update

While reporting financial results for the first quarter on Thursday, branded food company Conagra Brands, Inc. (CAG) reaffirmed its adjusted earnings and organic net sales growth guidance for the full-year 2023.

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AngioDynamics Q1 Results Miss Estimates; Reaffirms FY23 Outlook

While reporting financial results for the first quarter on Thursday, medical devices company AngioDynamics, Inc. (ANGO) reaffirmed its adjusted earnings and net sales guidance for the full year 2023.

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RPM International Q1 Results Top Estimate; Guides Q2 Sales

RPM International, Inc. (RPM) reported Wednesday that net income attributable to RPM for the first quarter grew to $169.01 million or $1.31 per share from $134.58 million or $1.04 per share in the prior-year quarter.

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