Procter & Gamble reported quarterly earnings per share of $1.43, slightly above Wall Street's estimate of $1.41, but its revenue of $21.2 billion fell short of the expected $21.38 billion. The company experienced weak demand, with organic revenue flat due to consumers opting for cheaper alternatives. P&G's net income dropped compared to the previous year, and its shares fell over 3% in premarket trading. Looking ahead, P&G projects fiscal 2027 core earnings per share between $6.89 and $7.11 and sales growth of 1% to 3%, slightly below Wall Street expectations. Additionally, CEO Shailesh Jejurikar will become chair of the board starting August 1, replacing former CEO Jon Moeller.
The FTSE 100 reached a new intraday high above 10,945, driven by strong earnings from companies like Standard Chartered, Reckitt Benckiser, and Rio Tinto, which also announced increased dividends and share buybacks. Rising oil prices, fueled by renew...
Procter & Gamble reported Q4 revenue of $21.2 billion, slightly below analyst estimates, causing shares to fall over 3%. While adjusted EPS beat expectations at $1.43, revenue growth was flat organically and net earnings declined 16%. The company exp...
Procter & Gamble, a leading consumer goods company and Dividend King, is seeing a decline in analyst price targets from $162.52 to $152 over the past year, though Deutsche Bank remains optimistic with a $177 target. Despite a strong history of beatin...
This week, U.S. markets focus on the Federal Reserve's July meeting, key inflation data like Core PCE, and second-quarter GDP figures, alongside major tech earnings from Microsoft, Meta, Apple, and Amazon. Rising oil prices and geopolitical tensions ...
