Earnings roundup: PepsiCo, Knight Capital Group
Among the earnings stories for Wednesday, Oct. 17, from The Associated Press
— PepsiCo Inc.'s net income dipped 5 percent in the third quarter, as the food and beverage maker poured more money into bolstering its flagship brands and developing new products that cater to shifting consumer tastes.
— The Knight Capital Group Inc. trading firm said it lost $764.3 million in the third quarter because of a software glitch that flooded the stock market with trades one day in August, causing dozens of stocks to fluctuate wildly.
— Halliburton Co. said its third-quarter net income fell 12 percent as drilling activity declined and costs rose in its core North American business.
— Stanley Black & Decker's third-quarter net income fell 26 percent, and the tool maker lowered its full-year earnings forecast.
— First Cash Financial Services Inc.'s third-quarter net income rose 3 percent as the company made more money from its pawn shops and fees and saw continued strength in Mexico.
— Regional bank Renasant Corp. said profit in 2012's third quarter rose 8 percent as the bank set aside less to cover bad loans and made lower interest payments to savers.