PepsiCo (PEP) Stock Surges Over 4% After Strong Earnings — What Could Be Next?

PepsiCo Inc. (PEP) shares jumped more than 4% after the company delivered quarterly results that comfortably beat market expectations:→ Earnings per share reached $2.29, topping forecasts of $2.26.→ Revenue came in at $23.94 billion, slightly above estimates.As reported by The Wall Street Journal, PepsiCo is set to appoint Steve Schmitt, a senior Walmart executive, as its new Chief Financial Officer next month. Analysts believe the management reshuffle could inject renewed momentum into the company, which h ...