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

Noticias del mercado

19 abril 2018

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

Procter & Gamble (PG) reported Q1 FY 2018 earnings of $1.00 per share (versus $0.96 in Q1 FY 2017), beating analysts' consensus estimate of $0.99.

The company's quarterly revenues amounted to $16.281 bln (+4.3% y/y), generally in-line with analysts' consensus estimate of $16.221 bln.

The company issued in-line guidance for FY 2018, projecting EPS of ~$4.11-4.23 (+5-8% y/y) versus analysts' consensus estimate of $4.19. It also reaffirmed FY 2018 revenues of $67.0 bln (+3% y/y) versus analysts' consensus estimate of $66.98 bln.

PG rose to $77.75 (+0.34%) in pre-market trading.

U.S.: Philadelphia Fed Manufacturing Survey, April 23.2 (forecast 20.1)

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