Pepsi Beats Q2 Estimates, Raises FY17 EPS View

The world’s second largest beverage company PepsiCo Inc. (NYSE: PEP) reported better than expected revenues and earnings in its second-quarter of fiscal 2017. The company also raised its fiscal 2017 earnings outlook. On the basis of efforts taken by the company to increase margins, offset falling demand for fizzy drinks and remain on a growth […]

Wynn Beats 1Q17 Estimate, Announces $1.5b Theme Park

Aided by more than 100% y-o-y increase in the casino revenue, last week, Wynn Resorts (NASDAQ: WYNN) reported fiscal 2017 first-quarter results that surpassed analysts’ estimates. Considering the earnings beat and the nod given to another theme park project in the US, we forecast further appreciation in the share price. The stock ended Friday at […]