- Company News: Procter & Gamble (PG) quarterly results beat analysts’ expectations
Market news
22 October 2019
Company News: Procter & Gamble (PG) quarterly results beat analysts’ expectations
Procter & Gamble (PG) reported Q1 FY 2020 earnings of $1.37 per share (versus $1.12 in Q1 FY 2019), beating analysts’ consensus estimate of $1.24.
The company’s quarterly revenues amounted to $17.798 bln (+6.6% y/y), beating analysts’ consensus estimate of $17.429 bln.
The company raised FY 2020 revenue guidance to +3-5% y/y to ~$69.71-71.07 bln from +3-4% y/y versus analysts’ consensus estimate of $70.05 bln. It also raised its FY 2020 guidance for core earnings per share growth to +5-10% y/y from +4-9% y/y.
PG rose to $124.59 (+4.63%) in pre-market trading.
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