Procter & Gamble Stock Rises on Earnings Beat. Outlook Has Lessons for S&P 500.

Procter & Gamble firmly beat analysts’ expectations in its latest quarterly results, but the news wasn’t all good with some gloom over the sales outlook for the year ahead due to the impact of foreign currency. It may have lessons for the whole S&P 500.

P&G reported core earnings of $1.83 a share on revenue of $21.9 billion in the three months ended in September, its fiscal first quarter of fiscal 2024. Analysts surveyed by FactSet had expected the company to report earnings of $1.72 a share on revenue of $21.6 billion.It’s not all good news.

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Procter & Gamble’s stock up after earnings beat estimatesCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
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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.
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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.
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Procter & Gamble earnings: What to expectP&G is expected to report higher profit and revenue for its fiscal first quarter
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