PepsiCo
(PEP) – The snack and beverage maker reported an adjusted quarterly profit of $1.97 per share, 13 cents above estimates, with revenue also topping forecasts. PepsiCo was able to successfully raise prices on its products and raised its guidance for the year. The stock gained 2.4% in the premarket.
Intel
(INTC) – Intel added 1% in premarket trading following a Bloomberg report that the chip maker was planning to cut thousands of jobs to deal with a slumping personal computer market. Intel had 113,700 employees as of July.
