PepsiCo beats Q1 revenue forecasts as price increases moderate


by Yahoo Finance

Yahoo Finance— PepsiCo reported better-than-expected revenue in the first quarter on strong international demand for its snacks and beverages. Sales were hurt by a recall early in the quarter of Quaker Oats cereal, bars and snacks because of potential contamination with salmonella. Quaker Foods sales dropped 24% during the quarter.

Axios—Coinbase posts Q1 revenue beat with a boost from higher bitcoin prices. The crypto exchange's earnings report, which for the first time included the impact of the new U.S. bitcoin ETFs, was a stunner.

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