PepsiCo, Inc. (Nasdaq: PEP) reported strong financial results for the second quarter of fiscal 2023, surpassing market expectations. The company posted a core earnings per share (EPS) of $2.09, outperforming the consensus estimate of $1.96.

Building on this strong performance, PepsiCo revised its full-year fiscal 2023 outlook, projecting a higher core EPS of $7.47, compared to the previous estimate of $7.27. Analysts are anticipating an EPS of $7.27 for the period.

In pre-market, $PEP is currently trading at $186.20, reflecting a gain of $3.03 (1.65%).

In other news, Delta Air Lines, Inc. (NYSE: DAL) delivered robust earnings for the second quarter of 2023, exceeding market expectations. The company reported an earnings per share (EPS) of $2.68, exceeding the consensus estimate of $2.39.

Looking ahead, Delta Air Lines provided a positive outlook for the third quarter of 2023, with an anticipated EPS ranging from $2.20 to $2.50. This forecast exceeds analysts' expectations for the period, which stand at $2.05.

Continuing to exhibit confidence, Delta Air Lines raised its full-year 2023 EPS outlook to a range of $6.00 to $7.00, up from the previous range of $5.00 to $6.00. The consensus estimate for the period is $6.15.

$DAL is trading at $49.19 in pre-market, up $1.24 (2.59%).

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