US Stock Market Move | PepsiCo, Inc. (PEP.US) fell over 4% in the second quarter, earnings were lower than expected.
On Thursday, PepsiCo (PEP.US) dropped more than 4%, closing at $136.39.
On Thursday, PepsiCo, Inc.'s stock (PEP.US) fell more than 4% to $136.39. In terms of news, PepsiCo, Inc. announced its second quarter performance for the 2026 fiscal year, with a year-on-year net revenue growth of 6.4% to $24.18 billion, exceeding market expectations of $23.95 billion. However, the continued weakness in the North American market offset strong international demand, with core earnings per share at $2.20, lower than analysts' general expectation of $2.21.
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CSPC PHARMA (01093) has received a $25 million research and development milestone payment from AstraZeneca under a strategic collaboration and licensing agreement.
US Stock Market Move | Concept stocks related to optical communication generally fell, with Applied Optoelectronics (AAOI.US) dropping more than 6%.
GUMING (01364) spent HK$5.758 million to repurchase 288,000 shares on July 10th.
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