Alcoa
The giant aluminum maker said Thursday that its net income slid about 21 percent in the third quarter on higher foreign-exchange and energy costs.
Alcoa reported net income of $61 million, 6 cents per share, for the three-month period that ended Sept. 30. That compares with earnings of $77 million, 8 cents per share, for the same period last year. Revenue increased 14.6 percent to $5.3 billion. The results beat Wall Street expectations of 5 cents a share on revenue of $4.95 billion.
PepsiCo
The maker of Doritos chips, Cheetos and Pepsi products said third-quarter net income rose 12 percent on strong sales gains abroad, but shares fell after the company lowered the top end of its guidance because of investments to expand its presence overseas.
Pepsi earned $1.92 billion, $1.19 per share, in the three months that ended Sept. 4. That compares with earnings of $1.72 billion, $1.09 per share, in the same period last year. Revenue rose 40 percent to $15.51 billion.
Without one-time items, including charges to integrate its bottlers, the company earned $1.22 per share, in line with analyst estimates, according to Thomson Reuters.
