U.S. stock futures continued to rise on Friday, following a three-day back-to-back winning streak in the regular session, amid growing earnings optimism and the easing of trade tensions between the U.S. and China.
P&G CFO Andre Schulten said the company will focus on pricing, productivity, and innovation in the near term to counter the impact of President Donald Trump’s recent tariffs.
U.S. equities are pushing higher for a third straight session, eyeing the longest winning streak since the Trump tariff announcement on April 2, as optimism over corporate earnings and easing trade tensions boosts risk sentiment.
Food and beverage company PepsiCo (NASDAQ:PEP) reported Q1 CY2025 results topping the market’s revenue expectations, but sales fell by 1.8% year on year to $17.92 billion. Its non-GAAP profit of $1.48 per share was 0.8% below analysts’ consensus estimates.
PepsiCo Inc. (NASDAQ: PEP) shares dipped after Q1 FY25 earnings showed a 1.8% year-over-year sales decline to $17.92 billion. While results beat expectations, international headwinds and weaker regional performance dragged profits. The company now expects full-year EPS of $7.92, below estimates.
The company now expects full-year earnings per share to decline by 3%, marking a reversal from its earlier forecast, which called for mid-single-digit growth.
The Q1 report will likely set the tone for the packaged consumer foods sector this season and give a peek into how they will reposition themselves against higher import duties.
Highlighting the positives of Wednesday's rally, a technical strategist said all the Nasdaq 100 stocks closed in the green for the first time since October 2022, when the current bull market began.
US stock futures are up on Wednesday night following back-to-back rallies in the regular session. This comes amid President Donald Trump softening his stance on the tariffs earlier this week.
