Check out the companies making headlines before the bell: PepsiCo — Shares slipped 1.4% after the beverage and snacks giant reported mixed fourth-quarter results. Revenue came in at $27.85 billion, missing the LSEG consensus estimate of $28.4 billion. Adjusted earnings per share was $1.78, versus the $1.72 expected. Pepsi said consumers’ budgets were hit by high borrowing costs and lower personal savings. Cloudflare — Shares surged 27% after the cloud services provider topped analysts’ expectations in its fourth quarter. Cloudflare reported adjusted earnings of 15 cents per share on revenue of $362 million. Analysts polled by LSEG had called for earnings of 12 cents per share and $353 million in revenue. The company also issued rosy full-year guidance for adjusted earnings per share. Pinterest — The stock dropped more than 8% after the image-sharing company issued a weaker-than-expected forecast. Pinterest also disappointed on revenue estimates, but beat on earnings in its fourth-quarter report. Expedia Group — Shares plunged 15%, despite the travel platform operator posting adjusted fourth-quarter results that exceeded consensus expectations. Expedia reported earnings of $1.72 per share on revenue of $2.89 billion, higher than the $1.68 on $2.88 billion analysts had expected. However, shares slid on a miss in the air travel category. The company also announced that CEO Peter Kern would be replaced by successor Ariane Gorin on May 13 …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines before the bell: PepsiCo — Shares slipped 1.4% after the beverage and snacks giant reported mixed fourth-quarter results. Revenue came in at $27.85 billion, missing the LSEG consensus estimate of $28.4 billion. Adjusted earnings per share was $1.78, versus the $1.72 expected. Pepsi said consumers’ budgets were hit by high borrowing costs and lower personal savings. Cloudflare — Shares surged 27% after the cloud services provider topped analysts’ expectations in its fourth quarter. Cloudflare reported adjusted earnings of 15 cents per share on revenue of $362 million. Analysts polled by LSEG had called for earnings of 12 cents per share and $353 million in revenue. The company also issued rosy full-year guidance for adjusted earnings per share. Pinterest — The stock dropped more than 8% after the image-sharing company issued a weaker-than-expected forecast. Pinterest also disappointed on revenue estimates, but beat on earnings in its fourth-quarter report. Expedia Group — Shares plunged 15%, despite the travel platform operator posting adjusted fourth-quarter results that exceeded consensus expectations. Expedia reported earnings of $1.72 per share on revenue of $2.89 billion, higher than the $1.68 on $2.88 billion analysts had expected. However, shares slid on a miss in the air travel category. The company also announced that CEO Peter Kern would be replaced by successor Ariane Gorin on May 13 …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
