Stock Exchange :

Procter & Gamble shares up on earnings beat

Key Points
  • Wall Street is expecting Procter & Gamble to report fiscal fourth-quarter earnings of $1.05 per share.
  • Analysts are also forecasting quarterly revenue of $16.86 billion.

Procter & Gamble's Joy brand dishwashing liquid is arranged for a photograph in Tiskilwa, Illinois.
Daniel Acker | Bloomberg | Getty Images

Procter & Gamble on Tuesday reported quarterly earnings and revenue that beat analysts' expectations.

Shares of the company rose less than 1% in premarket trading.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.10, adjusted, vs. $1.05 expected
  • Revenue: $17.09 billion vs. $16.86 billion expected

Excluding items, Procter & Gamble earned $1.10 per share, beating the $1.05 per share expected by analysts surveyed by Refinitiv.

Net sales rose 4% to $17.09 billion, topping expectations of $16.86 billion.

source: CNBC


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