Tide laundry detergent is shown on display in Compton, California, U.S., January 10, 2017.
Mike Blake | Reuters
Procter & Gamble on Friday reported quarterly earnings and revenue that beat analysts’ expectations, thanks to price hikes for products like Crest toothpaste and Pampers diapers.
But the company released a gloomy outlook for its fiscal 2024 sales that fell short of Wall Street’s estimates.
Still, shares of P&G rose more than 2%.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
Earnings per share: $1.37 vs. $1.32 expectedRevenue: $20.55 billion vs. $19.98 billion expected
The Tide detergent owner reported fiscal fourth-quarter net income of $3.38 billion, or $1.37 per share, up from $3.05 billion, or $1.21 per share, a year earlier.
Net sales rose 5% to $20.55 billion. Its organic revenue, which strips out the impact of foreign currency, acquisitions and divestitures, increased 8% in the quarter.
For…
2023-07-28 09:02:09
Source from www.cnbc.com