Procter & Gambles Joy dishwashing detergent is being arranged for a photo in Tiskilwa, Illinois.
Daniel Acker | Bloomberg | Getty Images
Procter & Gamble posted quarterly earnings and sales on Tuesday, outperforming analysts' expectations.
The company's shares increased by 3.5% in premarket trading.
The following reported to the company compared to Wall Street expectations, based on a survey by Refinitiv among analysts:
- Earnings per share: $ 1
- Revenue: $ 17.09 billion versus $ 16.86 billion expected
Excluding these positions, Procter & Gamble earned $ 1.10 per share, outperforming analysts surveyed by refinitiv at $ 1.05 per share.
Net sales increased 4% to $ 17.09 billion, exceeding expectations of $ 16.86 billion in revenue growth of 3% to 4%. This includes a small negative currency effect.
Adjusted earnings per share are expected to increase by 4% to 9%. P & G announced that the current forecast for commodities, foreign currencies, means of transport and customs duties is expected to result in a "modest net benefit" for profit growth in the 2020 fiscal year.