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$PEP 2Q15 PR: Net revenue was $15,923MM vs. $16,894MM in 2Q14, net income attributable to Pepsico was $1,980MM vs. $1,978MM in 2Q14;& operating profit $2,900MM vs. $2,896MM in 2Q14. Organic revenue grew 5.1% & gross margin expanded to 115BP.On GAAP basis, net revenue declined 6% reflecting 10 percentage point impact of foreign currency translation.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.