Procter & Gamble reported better-than-expected earnings, but its quarterly revenue fell short of Wall Street's estimates. The company's volume increased for the first time in more than two years.
Shares of Procter & Gamble Co. PG, +0.48% slumped 2.9% in premarket trading Tuesday, after the consumer packaged-goods company reported fiscal fourth-quarter profit that beat expectations but a surprise decline in sales. Net income for the quarter to June 30 fell to $3.14 billion, or $1.27 a share, from $3.38 billion, or $1.37 a share, in the same period a year ago.
Procter & Gamble missed Wall Street expectations for fourth-quarter sales on Tuesday, as a cutback in spending by price-conscious consumers in the U.S. and Europe led to slower growth for its beauty and home care products.
While P&G's (PG) strong financial performance and strategic initiatives provide a solid foundation for growth in Q4, the external risks justify a neutral stance on its investment potential.
Consumer goods giant Procter & Gamble will announce its fourth-quarter and full-year 2024 results on Tuesday, July 30, before the market opens. In this earnings preview, I discuss what we can expect from P&G's upcoming results and take a look at the company's past track record. I also review some key aspects that underlie Procter & Gamble's continued strong performance; and the reasons why PG stock is almost never in fair value territory.
Get a deeper insight into the potential performance of P&G (PG) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
In the latest trading session, Procter & Gamble (PG) closed at $168, marking a +0.83% move from the previous day.
P&G (PG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
P&G (PG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Procter & Gamble (PG) reachead $168.25 at the closing of the latest trading day, reflecting a +0.17% change compared to its last close.
After Procter & Gamble (PG) hits a 52-week high, we assess whether the current level warrants an opportunity to accumulate shares, hold positions or book profits.
In the latest trading session, Procter & Gamble (PG) closed at $166.95, marking a +1.44% move from the previous day.