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

Market news

20 October 2017

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

Procter & Gamble (PG) reported Q1 FY 2018 earnings of $1.09 per share (versus $1.03 in Q1 FY 2017), beating analysts' consensus estimate of $1.08.

The company's quarterly revenues amounted to $16.653 bln (+0.8% y/y), generally in-line with analysts' consensus estimate of $16.687 bln.

The company also reaffirmed guidance for FY2018, projecting EPS of +5-7% to ~$4.12-4.19 (versus analysts' consensus estimate of $4.18) and revenues of +3% to ~$67.0 bln (versus analysts' consensus estimate of $67.15 bln).

PG fell to $90.00 (-1.74%) in pre-market trading.

Canadian CPI rose 1.6% y/y

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