Procter & Gamble revenue rises 3%, short of expectations

A Procter & Gamble (P&G) brand is seen through the sixth China International Import Expo (CIIE) on the National Exhibition and Convention Center (Shanghai) on November 7, 2023 in Shanghai, China.

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Procter & Gamble on Tuesday reported combined quarterly earnings and revenue for its fiscal second quarter.

Shares of the corporate rose lower than 1% in premarket buying and selling.

Here’s what the corporate reported in contrast with what Wall Street was anticipating, primarily based on a survey of analysts by LSEG, previously referred to as Refinitiv:

  • Earnings per share: $1.84 adjusted vs. $1.70 anticipated
  • Revenue: $21.44 billion vs. $21.48 billion anticipated

P&G reported fiscal second-quarter internet earnings attributable to the corporate of $3.47 billion, or $1.40 per share, down from $3.93 billion, or $1.59 per share, a 12 months earlier.

Excluding objects, the corporate earned $1.84 per share.

Net gross sales rose 3% to $21.44 billion.

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