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

Market news

19 April 2018

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

Procter & Gamble (PG) reported Q1 FY 2018 earnings of $1.00 per share (versus $0.96 in Q1 FY 2017), beating analysts' consensus estimate of $0.99.

The company's quarterly revenues amounted to $16.281 bln (+4.3% y/y), generally in-line with analysts' consensus estimate of $16.221 bln.

The company issued in-line guidance for FY 2018, projecting EPS of ~$4.11-4.23 (+5-8% y/y) versus analysts' consensus estimate of $4.19. It also reaffirmed FY 2018 revenues of $67.0 bln (+3% y/y) versus analysts' consensus estimate of $66.98 bln.

PG rose to $77.75 (+0.34%) in pre-market trading.

U.S.: Philadelphia Fed Manufacturing Survey, April 23.2 (forecast 20.1)

Company News: American Express (AXP) quarterly results beat analysts’ expectations

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.