PepsiCo shares trade higher before the open despite guidance cut

PepsiCo shares traded about 2.2% higher in pre-market Nasdaq trading on October 8, at $126.40, after closing 1.6% lower on the prior session. The move came on the same morning PepsiCo cut its core EPS outlook, after it beat revenue expectations. The pre-market figure is not the regular-session close.

• Pre-market move: up 2.16% to $126.40
• Prior session close: down 1.6%
• Beat on revenue and core EPS offset the lower full-year outlook in pre-market trade