Shares of PepsiCo, Inc. (NYSE:PEP) ended Thursday session in red amid volatile trading. The shares closed down -0.33 points or -0.31% at $106.88 with 1.44 billion shares getting traded. Post opening the session at $107.10 the shares hit an intraday low of $106.49 and an intraday high of $107.33 and the price vacillated in this range throughout the day. The company has a market cap of $152.81 billion and the numbers of outstanding shares have been calculated to be 1.44 billion shares.
PepsiCo, Inc. (PEP) on Aug. 29, 2016 announced continued progress against the company’s strategy to help protect and conserve global water supplies and provide people access to clean, safe water to communities around the world.
In 2015, PepsiCo reduced its operational water use per unit of production by 26 percent versus a 2006 baseline. This exceeded the company’s previously stated goal to reduce operational water use by 20 percent by the end of 2015.
PepsiCo’s water conservation efforts saved the company more than $80 million between 2011-2015. This is part of PepsiCo’s broader environmental sustainability agenda, which has delivered more than $600 million in cost savings over the past five years through the continued progress of the company’s water, energy, packaging and waste-reduction initiatives.
PepsiCo also continues to expand its efforts to provide access to safe water in water-stressed communities around the world. Through the PepsiCo Foundation, the company has partnered with leading non-profit organizations to now reach 9 million people with safe water access since 2006, far exceeding its original goal of 6 million by the end of 2015.
“Access to safe water is an essential building block for improved social, economic and health conditions in communities around the world,” said Dr. Mehmood Khan, PepsiCo Vice Chairman and Chief Scientific Officer, Global Research and Development. “Companies have an important role to play in solving global water challenges, and we must continuously seek new ways to apply our unique capabilities and expertise to conserve this most precious resource.
“All across PepsiCo, we continue to find innovative new ways to grow our business while using fewer natural resources—water among them,” Khan continued. “By driving down our operational water use and replenishing water within the local watershed, promoting innovative agricultural practices that yield more crop per drop, and enabling access to safe water and sanitation for millions of people, we have achieved important progress and are committed to doing much more in the years ahead.”
Shares of VeriFone Systems Inc (NYSE:PAY) ended Thursday session in green amid volatile trading. The shares closed up +0.30 points or 1.78% at $17.18 with 110.97 million shares getting traded. Post opening the session at $16.17 the shares hit an intraday low of $16.70 and an intraday high of $17.21 and the price vacillated in this range throughout the day. The company has a market cap of $1.91 billion and the numbers of outstanding shares have been calculated to be 110.97 million shares.
VeriFone Systems Inc (PAY) on September 2, 2016 announced financial results for the three months ended July 31, 2016.
Third Quarter Financial Highlights
- GAAP net revenues of $488 million and Non-GAAP net revenues of $493 million
- GAAP net loss per diluted share of $0.28
- Non-GAAP net income per diluted share of $0.42
- Operating cash flow of $13 million
“We made real progress during the third quarter in further repositioning Verifone, building our services business and bringing our new devices to market. Despite this progress, Q3 was a challenging quarter for Verifone on revenues. We moved decisively to reduce our cost structure, and those initial efforts helped us exceed our revised EPS target,” said Paul Galant, Chief Executive Officer of Verifone. “We are managing through what we believe are difficult but temporary local market and lingering EMV adoption issues. Our outlook for Q4 now assumes a significantly slower EMV rollout, and we are projecting fiscal year 2017 consolidated revenues to be approximately 3% below fiscal year 2016 levels. That said, we are relentlessly executing the long-term vision for Verifone to transform from a box shipper to a services provider.”