Company News: Procter & Gamble (PG) quarterly results beat analysts’ forecasts

Market news

19 October 2018

Company News: Procter & Gamble (PG) quarterly results beat analysts’ forecasts

Procter & Gamble (PG) reported Q1 FY 2019 earnings of $1.12 per share (versus $1.09 in Q1 FY 2018), beating analysts' consensus estimate of $1.09.

The company's quarterly revenues amounted to $16.690 bln (+0.2% y/y), beating analysts' consensus estimate of $16.451 bln.

The company also issued guidance for FY 2019, projecting EPS of ~$4.35-4.5 (+3-8% y/y; versus analysts' consensus estimate of $4.37) and revenues of ~$65.50-66.83 bln (-2-0% y/y; versus analysts' consensus estimate of $66.58 bln).

PG rose to $84.15 (4.87%) in pre-market trading.

Canada: Bank of Canada Consumer Price Index Core, y/y, September 1.5% (forecast 1.8%)

Company News: Honeywell’s (HON) Q3 earnings beat analysts’ expectations

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