Company News: Procter & Gamble (PG) quarterly earnings beat analysts’ estimate

Market news

27 July 2017

Company News: Procter & Gamble (PG) quarterly earnings beat analysts’ estimate

Procter & Gamble (PG) reported Q4 FY 2017 earnings of $0.85 per share (versus $0.79 in Q4 FY 2016), beating analysts' consensus estimate of $0.78.

The company's quarterly revenues amounted to $16.079 bln (-0.1% y/y), generally in-line with analysts' consensus estimate of $16.005 bln.

The company also issued upside guidance for FY 2018, projecting core EPS growth of +5-7% to est. $4.12-4.19 (versus analysts' consensus estimate of $4.12) and revenue growth of +3% to appr. $67.00 bln (versus analysts' consensus estimate of $66.69 bln).

PG rose to $90.00 (+0.78%) in pre-market trading.

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