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Company News For Oct 5, 2017

Tirthankar Chakraborty
OPEC has just reached a decision to increase output of oil barrels per day -- 1 million on the headline, but actually closer to 600K per day of "real" barrel output.
  • Shares of Pepsico, Inc. PEP gained 0.2% after reporting third quarter 2017 earnings per share of $1.48, surpassing the Zacks Consensus Estimate of $1.43
  • Mattel, Inc.’s MAT shares surged 0.3% after the company announced Joseph Euteneuer as its new Chief Financial Officer
  • Shares of Mylan N.V. MYL rallied 16.2% after the company announced that it had received an approval from Food and Drug Administration for the generic version of multiple sclerosis treatment drug – Copaxone, made by Teva Pharmaceutical Industries Ltd. (TEVA)
  • Office Depot, Inc.’s ODP shares plummeted 17.7% after the company lowered its revenue guidance for 2017 to $400 million — $425 million from $500 million initially

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