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Company News for Oct 13, 2022

Zacks Equity Research
·1-min read

  • Shares of PepsiCo, Inc. PEP surged 4.2% after the company reported third-quarter 2022 adjusted earnings per share of $1.97, surpassing the Zacks Consensus Estimate of $1.85.

  • Shares of Wipro Limited WIT tumbled 3.4% after reporting second-quarter fiscal 2023 adjusted earnings per share of $0.06, missing the Zacks Consensus Estimate of $0.07.  

  • Intel Corp.’s INTC shares rose 1.2% following news that the company will retrench thousands of manpower to cope with the slumping PC market.

  • Koninklijke Philips N.V.’s PHG shares plunged 11.7% after the company warned that its third-quarter sales and profits will be impacted by supply-chain issues.


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