PepsiCo's Earnings Top Projections; Walmart's Schmitt to Take Over as CFO
1. PepsiCo's earnings beat estimates with $2.29 EPS and $23.94 billion revenue. 2. New CFO Steve Schmitt from Walmart to start on November 10. 3. Activist investor Elliott Investment Management pushes for operational changes. 4. PepsiCo maintains low single-digit organic revenue growth forecast. 5. Shares dropped nearly 9% this year, up less than 1% premarket.