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

Market news

23 January 2020

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

Procter & Gamble (PG) reported Q4 FY 2019 earnings of $1.42 per share (versus $1.25 per share in Q4 FY 2018), beating analysts' consensus estimate of $1.37 per share.

The company's quarterly revenues amounted to $18.240 bln (+4.6% y/y), roughly in line with analysts' consensus estimate of $18.367 bln.

The company also issued in-line guidance for FY 2020, projecting revenues of +4-5% y/y to ~$70.4-71.1 bln versus analysts' consensus estimate of $70.69 bln, up from +3-5% y/y prior.

PG fell to $123.94 (-1.29%) in pre-market trading.

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