Procter & Gamble sales fall short, hurt by weak diaper demand, but company raises full-year forecast

Earnings

Procter & Gamble on Thursday reported mixed quarterly results.

Shares of the company fell 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: $1.42, adjusted, vs. $1.37 expected
  • Revenue: $18.24 billion vs. $18.37 billion expected

Excluding items, the consumer giant earned $1.42 per share, topping the $1.37 per share expected by analysts surveyed by Refinitiv.

Net sales rose 5% to $18.24 billion, falling short of expectations of $18.37 billion.

Products You May Like

Articles You May Like

TurboTax offers free tool to help Americans who don’t file taxes get stimulus payments
Paying down debt may not be the best way to use your coronavirus stimulus check
Coronavirus live updates: Spirit cancels New York flights, Spain’s death toll surges
Employers may drop 401(k) matches as companies look to cut expenses
Coronavirus live updates: Birx warns mortality will peak in NY, New Orleans and Detroit next week

Leave a Reply

Your email address will not be published. Required fields are marked *