Investments

By Alan Fein

Bank Of America Investment Pepsico released its 3rd quarter results Thursday, reporting a gain in earnings per share of 36%, or $0.79, that included tax benefits of $0.13.

Caterpillar now expects 2005 earnings of $3.85 to $4 per share, down from its previous estimate of $4 to $4.20 per share. For the third quarter, Caterpillar reported earnings increased to $667 million, or 94 cents per share, from $498 million, or 70 cents per share, last year. Total revenue was $8.98 billion, up 17 percent from $7.66 billion a year earlier. Shares of Caterpillar were $48.62, down $5.41, or 10 percent, 43am Friday EST.

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Revenue climbed 36 percent to $388.5 million from $285.3 million a year earlier. The Sunnyvale, Calif.-based company said net earnings in the latest quarter included a partial reversal of a deferred tax asset valuation allowance of about $13 million. For the fiscal fourth quarter ending June 2, Palm forecast revenue of $400 million to $405 million and adjusted earnings per share of 22 cents to 23 cents. Analysts, on average, have forecast revenue of $395.7 million and earnings per share before items of 21 cents.

Banc Of America Investment Sept 30, 2004 (AXcess News) Purchase NY - Pepsico (NYSE: PEP) released its 3rd quarter results Thursday, reporting a gain in earnings per share of 36%, or $0.79, that included tax benefits of $0.13. Excluding the tax benefits, earnings per share were $0.66, up 14% versus year ago.

The Company forecasts third quarter 2007 earnings per diluted share in the range of $0.53 to $0.57, which compares to $0.56 in last year's third quarter. Included in this guidance is $0. offs associated with the Company's expense reduction initiatives. The Company expects full year 2007 earnings per diluted share to be in the range of $2.24 to $2.32, including the previously referenced $0.04 per share.

Banking Investment Year to date, revenues were up over 8% and earnings per share were $1.86 including the tax benefits. Excluding the tax benefits, earnings per share year to date were $1.73, up 13% versus year ago.

Stamps.com Reports Third Quarter 2000 Financial Results Company Makes Significant Cost Cuts; Expects to Save $30 Million Annually Through Recent Headcount Reduction SANTA MONICA, Calif. Monday, October 31, Stamps.com™ ( STMP), today announced that third quarter revenue was $4.2 million, an increase of 14 percent over second quarter revenue. cash charges was $38.5 million, or $0.80 per share based on the 48.3 million weighted average common shares outstanding. term investments ended the third quarter at $290.1 million, or $6 per share.

Investment Solution Strategic CEO Steve Reinemund credited Pepsico's international sales for the increase in earnings, highlighting Frito-Lay's performance as well. Reinemund said that while domestic beverage sales had slowed, the company expected those figures to improve slightly by the end of the year.

related costs of $80 million reduced earnings by 2 cent a share in the third quarter. Net sales for the third quarter were $75.4 billion, an increase of 10.1 percent over $68.5 billion for the same period last year. Mart's earnings to be 57 cents a share, so it came as no surprise to the market when the retail giant released its third quarter results. Mart Closed Monday at $49.30, up 30 cents or .6 percent.

Investment Banking Services Total servings of products sold worldwide increased 4%, driven by International growth. Snacks volume worldwide grew 4% for the quarter, and worldwide beverages volume also grew 4%. Year to date, total servings growth was over 6%, with worldwide snacks volume growing almost 6% and worldwide beverages volume growing 7%.Revenue for the third quarter rose 6%, to approximately $7.3 billion, overlapping strong 8% top line growth in the third quarter of 2003. The revenue increase reflects the volume growth, positive price/mix, and net favorable foreign exchange. Year to date, revenue growth is over 8%.Advertisement

Bank Investment The company said it would be laying off 780 workers at four Frito-Lay plants. About 250 of those workers will be offered positions at other plants, the remainder of the jobs are being eliminated.

Alternative Investment Pepsico raised its yearly earnings forecast by six cents to $2.35. The increase is a result of the job cuts and $221 million in tax benefits.

Online Investment Services Analysts had pegged Pepsico's earnings for the quarter at between 64 and 66 cents. The company earned 66 cents net of the tax benefits that pushed those figures to 79 cents.

Accompany Essential Investment Shares of Pepsico (NYSE: PEP) were up 65 cents at $48.75 at 1:03pm ET. Direct competitors shares were also up with Coca-Cola (NYSE: KO) up 4 cents at $40.05.Cott Corp (NYSE: COT) up 13 cents at $28.75. Cott's shares have been climbing since an upbeat presentation last week at the Prudential Securities conference in Boston.

Investment Company Cadbury Schweppes PLC (NYSE: CSG) down 22 cents at $31.05. Cadbury cautioned the street last week to expect lower earnings results.

Investment Management Solution Kraft Foods (NYSE: KFT) down 22 cents at $31.68. Kraft's shares remained weaker after Interstate Bakeries (NYSE: IBC), makers of Twinkies, filed Chapter 11 bankruptcy.AXcess News will be reporting on any new market trends related to this story. Members should watch their in-box for late breaking news. If you're not a member, consider joining now. Members get the latest business news, commentaries and stock picks delivered right to their in-box.

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