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Company News for Oct 13, 2022

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  • Shares of PepsiCo, Inc. (PEP - Free Report) surged 4.2% after the company reported third-quarter 2022 adjusted earnings per share of $1.97, surpassing the Zacks Consensus Estimate of $1.85.
  • Shares of Wipro Limited (WIT - Free Report) tumbled 3.4% after reporting second-quarter fiscal 2023 adjusted earnings per share of $0.06, missing the Zacks Consensus Estimate of $0.07.  
  • Intel Corp.’s (INTC - Free Report) shares rose 1.2% following news that the company will retrench thousands of manpower to cope with the slumping PC market.
  • Koninklijke Philips N.V.’s (PHG - Free Report) shares plunged 11.7% after the company warned that its third-quarter sales and profits will be impacted by supply-chain issues.

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