Cart

0

Business, Stocks

“Procter & Gamble sales rise 4% as consumers buy more cleaning products”

“…Shares of the company rose 1.5% in morning trading.

Here’s what the company reported for the quarter ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.16, adjusted, vs. $1.01 expected
  • Revenue: $17.7 billion vs. $16.97 billion expected

P&G reported fiscal fourth-quarter net income of $2.8 billion, or $1.07 per share, up from a loss of $5.2 billion, or $2.12 per share, a year earlier.

Excluding items, the company earned $1.16 per share, topping the $1.01 per share expected by analysts surveyed by Refinitiv.

Net salesrose 4% to $17.7 billion, beating expectations of $16.97 billion. Organic sales, which strip out the impact of currency fluctuations, acquisitions and divestitures, rose 6% during the quarter…”

https://www.cnbc.com/2020/07/30/procter-gamble-pg-q4-2020-earnings.html

Looks like cleaning products are a good investment at the moment.

Leave a Reply