“Procter & Gamble sales rise 4% as consumers buy more cleaning products”
July 30, 2020
“…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.