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

Market news

31 July 2018

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

Procter & Gamble (PG) reported Q4 FY 2018 earnings of $0.94 per share (versus $0.85 in Q4 FY 2017), beating analysts' consensus estimate of $0.90.

The company's quarterly revenues amounted to $16.503 bln (+2.6% y/y), generally in-line with analysts' consensus estimate of $16.517 bln.

The company also issued guidance for FY 2019, projecting EPS of $4.35-4.56 versus analysts' consensus estimate of $4.39 and revenues of ~$66.8-67.5 bln versus analysts' consensus estimate of $67.74 bln.

PG fell to $78.30 (-2.37%) in pre-market trading.

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