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

Market news

23 January 2018

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

Procter & Gamble (PG) reported Q4 FY 2017 earnings of $1.19 per share (versus $1.08 in Q4 FY 2016), beating analysts' consensus estimate of $1.14.

The company's quarterly revenues amounted to $17.395 bln (+3.2% y/y), in-line with analysts' consensus estimate of $17.390 bln.

The company also announced it expected its 2018 EPS to increase by 5-8% y/y to ~$4.12-4.23 compared to earlier forecast growth of 5-7% y/y and analysts' consensus estimate of $4.17. At the same time, the 2018 revenues guidance was reaffirmed $67.0 bln (+3% y/y) versus analysts' consensus estimate of $67.12 bln.

PG fell to $90.45 (-1.57%) in pre-market trading.

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