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“Procter & Gamble tops earnings, revenue estimates even as higher prices drive some consumers away”

“…

Here’s what P&G reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: $1.83 vs. $1.72 expected
  • Revenue: $21.87 billion vs. $21.58 billion expected

P&G reported fiscal first-quarter net income attributable to the company of $4.52 billion, or $1.83 per share, up from $3.94 billion, or $1.57 per share, a year earlier.

Net sales rose 6% to $21.87 billion. The company’s organic revenue increased 7% in the quarter, helped by higher prices for P&G’s products.

But the company’s volume shrank 1%. The metric excludes the impact of currency and pricing changes to reflect demand…”

https://www.cnbc.com/2023/10/18/procter-gamble-pg-q1-2024-earnings.html

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