We're pleased to see P&G shares pop on solid quarterly earnings. But don't chase the rally

Boxes of Crest toothpaste owned by the Procter & Gamble firm are seen on a retailer shelf on October 20, 2020 in Miami, Florida. 

Joe Raedle | Getty Images

Procter & Gamble shares jumped greater than 4% on Tuesday following better-than-expected quarterly earnings that have been launched earlier than the opening bell. While gross sales missed the mark, profitability was solid, excluding costs associated to writing down the worth of Gillette and non-core restructuring measures. P&G raised the low finish of their full-year EPS information.

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