PepsiCo shares rise after earnings beat
PepsiCo shares rose in the premarket after the snacks and beverage giant reported third-quarter results that beat analyst expectations.
The company earned an adjusted $2.29 per share on revenue of $23.94 billion. Analysts expected a profit of $2.26 per share on revenue of $23.83 billion.
The stock was last up about 1%.
PEP 5-day chart
Gold still exposed to potential macro headwinds, says BCA
BCA Research strategists noted that, while gold’s rally to record highs appears unstoppable, the metal could still take a hit due to macro headwinds.
“Gold’s decisive break above $4,000/oz … reinforces the structural bull case driven by persistent central bank demand and mounting fiscal concerns globally,” they said in a note to clients. “These structural forces have overwhelmed the yellow metal’s historically inverse relationship with real yields and the greenback.”
“However, when adjusted for its long-term appreciation trend, gold price still exhibits a clear inverse sensitivity to real rates and the USD, confirming that cyclical factors continue to shape near-term volatility. This pattern highlights that while gold’s structural uptrend remains intact, tactical corrections are likely when real rates firm or the dollar strengthens,” they added.
Gold futures are up more than 53% year to date.
Gold futures year to date
Bassett Furniture shares slide following earnings report
Bassett Furniture Industries fell nearly 2% in extended trading on Wednesday despite showing an improvement in earnings from a year ago.
The company earned 9 cents per share on $80.1 million in revenue for the third quarter. In the same period a year prior, Bassett lost 52 cents a share and saw revenue of $75.6 million.
Bassett shares rallied 5.7% in Wedneday’s session as the report loomed. The stock is up more than 21% in 2025.
— Alex Harring
Stock futures are little changed
Dow, S&P 500 and Nasdaq 100 futures were all near flat shortly after 6 p.m. ET.
— Alex Harring
