“Procter & Gamble beats estimates as sales jump 9%, raises forecast amid strong demand”
October 20, 2020
“Procter & Gamble reported on Tuesday that fiscal first-quarter revenue rose 9%, fueled by demand for its cleaning and laundry products during the coronavirus pandemic. On the heels of the strong quarter, P&G raised its sales outlook and expectations for core earnings growth for fiscal 2021.
Shares of the company rose nearly 2% in premarket trading…
- Earnings per share: $1.63 vs. $1.42 expected
- Revenue: $19.32 billion vs. $18.38 billion expected
The company reported net income of $4.28 billion, or $1.63 per share, up from $3.59 billion, or $1.36 per share, a year earlier. Analysts surveyed by Refinitiv were expecting earnings of $1.42 per share…”
https://www.cnbc.com/2020/10/20/procter-gamble-pg-earnings-q1-2021.html