“Procter & Gamble earnings beat estimates, but quarterly sales disappoint as China demand slides”
July 31, 2024
“…Shares of the company fell 5% in morning trading. Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $1.40 adjusted vs. $1.37 expected
- Revenue: $20.53 billion vs. $20.74 billion expected
P&G reported fiscal fourth-quarter net income attributable to the company of $3.14 billion, or $1.27 per share, down from $3.38 billion, or $1.37 per share, a year earlier. Excluding items, the company earned $1.40 per share.
Net sales of $20.53 billion were essentially flat compared with the year-ago period. P&G’s organic revenue, which excludes foreign currency, acquisitions and divestitures, increased 2% in the quarter…”
https://www.cnbc.com/2024/07/30/procter-gamble-pg-q4-2024-earnings.html