Procter & Gamble (PG) reported Q2 FY 2021 earnings of $1.64 per share (versus $1.42 per share in Q2 FY 2020), beating analysts’ consensus estimate of $1.51 per share.

The company’s quarterly revenues amounted to $19.745 bln (+8.3% y/y), beating analysts’ consensus estimate of $19.228 bln.

The company also issued upside guidance for FY2021, projecting EPS of +8-10% y/y to ~ $5.53-5.63 versus analysts’ consensus estimate of $5.59 (up from prior guidance of +5-8%) and revenues of +5-6% y/y to ~$74.50-75.21 bln versus analysts’ consensus estimate of $74.61 bln (up from prior guidance of +3-4%).

PG rose to $136.48 (+2.16%) in pre-market trading.