News Formal

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

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Procter & Gamble’s shares have fallen 3.7% this year, dragging its market value down to $344 billion.

The company's volume fell for the sixth consecutive quarter.Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv: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.

The company's baby, feminine and family care segment reported its volume fell 3%. The division includes brands like Pampers and Bounty.The company's fabric and home care business saw its volume shrink 1%, even as customers bought more of its premium cleaning products, which include Swiffer and Cascade.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 270. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Procter & Gamble is about to report earnings. Here's what to expectProcter & Gamble's shares have fallen 3.7% this year, dragging its market value down to $344 billion.
Source: CNBC - 🏆 12. / 72 Read more »

Procter & Gamble is about to report earnings. Here's what to expectProcter & Gamble’s shares have fallen 3.7% this year, dragging its market value down to $344 billion.
Source: NBCDFW - 🏆 288. / 63 Read more »

Procter & Gamble earnings are out – Here are the numbersProcter & Gamble’s shares have fallen 3.7% this year, dragging its market value down to $344 billion.
Source: NBCLA - 🏆 319. / 59 Read more »

Procter & Gamble tops earnings, revenue estimates even as volume falls againProcter & Gamble’s shares have fallen 3.7% this year, dragging its market value down to $344 billion.
Source: NBCDFW - 🏆 288. / 63 Read more »

Procter & Gamble’s stock up after earnings beat estimatesCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Source: MarketWatch - 🏆 3. / 97 Read more »

Procter & Gamble earnings: What to expectP&G is expected to report higher profit and revenue for its fiscal first quarter
Source: MarketWatch - 🏆 3. / 97 Read more »