Shares of PepsiCo (PEP) gain 1% in premarket trading as rival Coca-Cola manages to control its...

|About: PepsiCo Inc. (PEP)|By:, SA News Editor

Shares of PepsiCo (PEP) gain 1% in premarket trading as rival Coca-Cola manages to control its costs just enough to scratch out an earnings beat. Of interest to Pepsico shareholders, Coca-Cola showed broad geographic sales gains in a variety of beverage types, a trend that PepsiCo hopes lift its own results with growth in snacks already forecast to be strong.