Procter & Gamble revenue rises 3%, short of expectations
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A Procter & Gamble (P&G) logo is seen during the 6th China International Import Expo (CIIE) at the National Exhibition and Convention Center (Shanghai) on November 7, 2023 in Shanghai, China.
VCG | Getty Images
Procter & Gamble on Tuesday reported mixed quarterly earnings and revenue for its fiscal second quarter.
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 LSEG, formerly known as Refinitiv:
- Earnings per share: $1.84 adjusted vs. $1.70 expected
- Revenue: $21.44 billion vs. $21.48 billion expected
P&G reported fiscal second-quarter net income attributable to the company of $3.47 billion, or $1.40 per share, down from $3.93 billion, or $1.59 per share, a year earlier.
Excluding items, the company earned $1.84 per share.
Net sales rose 3% to $21.44 billion.
This story is developing. Please check back for updates.
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