Procter & Gamble Co. Earnings: Here’s Why the Stock is Popping Now
Procter & Gamble Co. (NYSE:PG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 3.41%.
Procter & Gamble Co. Earnings Cheat Sheet
Results: Net income increased over 140% to $4.06 billion ($1.22 per diluted share) in the quarter versus a net gain of $1.69 billion in the year-earlier quarter.
Revenue: Rose 0.2% to $22.18 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Procter & Gamble Co. reported adjusted net income of $1.22 per share. By that measure, the company beat the mean analyst estimate of $1.11. It beat the average revenue estimate of $21.91 billion.