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

Market news

30 July 2020

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

Procter & Gamble (PG) reported Q4 FY 2020 earnings of $1.16 per share (versus $1.10 per share in Q4 FY 2019), beating analysts’ consensus estimate of $1.01 per share.

The company’s quarterly revenues amounted to $17.698 bln (+3.5% y/y), beating analysts’ consensus estimate of $16.974 bln.

The company also issued guidance for FY 2021, projecting EPS of +3-7% (implying $5.27-5.48) versus analysts’ consensus estimate of $5.23 and revenues of +1-3% (implying $71.66-73.08 bln) versus analysts’ consensus estimate of $71.68 bln.

PG rose to $131.00 (+2.10%) in pre-market trading.

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