Big US Companies Get Boost From Tariff Refunds
Tariff refunds are providing a boost to several big US companies as they report their earnings. Among those benefiting are Amazon, Apple, and PepsiCo.
Amazon has received $600 million in tariff refunds, while Apple's chief financial officer attributed $0.11 of diluted earnings per share last quarter to the refund.
PepsiCo told investors that refunds were helping offset higher commodity costs.