Procter & Gamble reported Q1 FY 2017 earnings of $1.03 per share (versus $0.98 in Q1 FY 2016), beating analysts' consensus estimate of $0.98.

The company's quarterly revenues amounted to $16.518 bln (-0.1% y/y), generally in-line with analysts' consensus estimate of $16.485 bln.

The company reaffirmed guidance for FY 2017, projecting mid-single digit EPS growth to ~$3.82-3.89 versus analysts' consensus estimate of $3.88 and revenues growth of 1% to ~$65.95 bln versus analysts' consensus estimate of $66 bln.

PG rose to $86.00 (+2.26%) in pre-market trading.