Finance

PepsiCo, Alibaba, AIG, Kraft Heinz & more

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Take a look at some of the biggest movers in the premarket:

PepsiCo (PEP) – The beverage and snack giant beat estimates by a penny a share, with quarterly earnings of $1.45 per share. Revenue also beat forecasts. Organic revenue growth was a better-than-expected 4.3%, and the company said it is projecting a 4% growth rate for organic revenue in 2020.

Tesla (TSLA) – Tesla announced it plans to offer $2 billion of common stock.

Alibaba (BABA) – The China-based e-commerce giant beat estimates on both the top and bottom lines, and also reported increases in various user metrics. Results got a boost from growth in both e-commerce and cloud computing.

AIG (AIG) – The insurance company…



Source cnbc.com

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