Company News: Procter & Gamble (PG) Quarterly Earnings Beat Analysts’ Estimates

Noticias del mercado

26 abril 2016

Company News: Procter & Gamble (PG) Quarterly Earnings Beat Analysts’ Estimates

Procter & Gamble reported Q3 FY 2016 earnings of $0.86 per share (versus $0.92 in Q3 FY 2015), beating analysts' consensus of $0.82.

The company's quarterly revenues amounted to $15.755 bln (-6.9% y/y), generally in-line with analysts' consensus estimate of $15.809 bln.

Procter & Gamble also issued in-line guidance for Q4 FY 2016 and for the full FY 2016, projecting Q4 EPS lower than $1.00 (versus analysts' consensus estimate of $0.78) and 2016 EPS of $3.53-3.65 (versus analysts' consensus estimate of $3.63.

PG rose to $81.70 (+0.36%) in pre-market trading.

Foreign exchange market. European session: the euro traded higher against the U.S. dollar in the absence of any major economic reports from the Eurozone.

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