PepsiCo Inc. (PEP) reported first quarter core EPS of $0.77 Thursday morning, up from $0.69 a year ago. The consensus estimate was for EPS of $0.71.
PepsiCo gapped up Thursday and spiked higher in early trade, before settling into a range. The stock closed up by 2.40 at $81.25 on the highest volume of the year. PepsiCo rose above a 2 1/2 week range and set a new high for the year.
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