Procter & Gamble tops analyst expectations, boosts 2019 forecast - CNBC

Procter & Gamble on Tuesday reported quarterly earnings and revenue that beat analyst expectations.

Shares of the company were roughly flat in premarket trading.

Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

• Earnings per share: $1.06 adjusted, vs. $1.03 expected
• Revenue: $16.46 billion vs. $16.37 billion expected

Excluding items, P&G earned $1.06 per share, beating the $1.03 per share expected by analysts surveyed by Refinitiv

Net sales rose 1% to $16.46 billion, topping expectations of $16.37 billion.

The owner of Tide laundry detergent said on Tuesday it now expects its 2019 organic sales to grow 4%, rather than falling in a range of 2% to 4%. Total sales are expected to grow 1% over 2018.

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https://www.cnbc.com/2019/04/23/pg-earnings-q3-2018.html

2019-04-23 10:47:23Z
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