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

Market news

17 April 2020

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

Procter & Gamble (PG) reported Q3 FY 2020 earnings of $1.17 per share (versus $1.06 per share in Q3 FY 2019), beating analysts' consensus estimate of $1.13 per share.

The company's quarterly revenues amounted to $17.214 bln (+4.6% y/y), generally in line with analysts' consensus estimate of $17.293 bln.

The company also lowered guidance for FY 2020, projecting revenues of +3-4% y/y to $69.8-70.4 bln versus analysts' consensus estimate of $70.42 bln. That was down from prior guidance of +4-5% y/y.

PG rose to $123.15 (+1.36%) in pre-market trading.

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