Procter & Gamble said it earned $1.12 per share on revenue of $16.69 billion in its fiscal first quarter. Analysts were looking for earnings of $1.09 on revenue of $16.45 billion. Organic sales increased 4%, helped by a 3% gain in shipment volume and a better product mix.
For the full year, Procter & Gamble expects to earn $4.35 to $4.56 per share, on revenue of $65.5 billion to $66.8 billion. Consensus calls for earnings of $4.37 on revenue of $66.58 billion.
Procter & Gamble stock is up 8.5% in Friday morning trading, to $87.09 per share.
Credit: https://www.barrons.com/articles/proctor-gamble-earnings-stock-1539961523
Nice to see a Consumer Staple and Dividend Aristocrat performing well. Hasn't been a friendly year for staples or any defensive stocks for that matter.
Submitted October 19, 2018 at 02:35PM by Mr_Find_Value https://ift.tt/2S275Ao
