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

Market news

20 October 2020

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

Procter & Gamble (PG) reported Q1 FY 2021 earnings of $1.63 per share (versus $1.37 per share in Q1 FY 2020), beating analysts’ consensus estimate of $1.42 per share.

The company’s quarterly revenues amounted to $19.318 bln (+8.5% y/y), beating analysts’ consensus estimate of $18.379 bln.

The company also issued in-line guidance for FY 2021, raising core EPS growth from 3-7% y/y to 5-8% y/y, which translates to $5.38-5.53, versus analysts’ consensus estimate of $5.39.

PG rose to $144.25 (+1.65%) in pre-market trading.

Company News: Travelers (TRV) quarterly results beat analysts’ expectations

S&P 500 Index to move back to the 200-DMA at 3125 as the correction is not over - Morgan Stanley

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.