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Procter&Gamble Earnings inline, Revenue Beats In Q2 -Breaking

by Mike Robinson

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© Reuters. Procter&Gamble Earnings inline, Revenue Beats In Q2

Investing.com – Procter&Gamble reported on Wednesday second quarter that matched analysts’ forecasts and revenue that topped expectations.

Procter&Gamble announced earnings per share of $1.66 on revenue of $20.95B. Investing.com polled analyst to predict EPS of $1.66 based on revenues of $20.34B.

Procter&Gamble shares are down 4.19% from the beginning of the year, still down 5.20% from its 52 week high of $165.32 set on January 5. They are broadly in line with the S&P 500 which is down 3.96% from the start of the year.

Procter&Gamble follows other major Consumer Staples sector earnings this month

Procter&Gamble’s report follows an earnings beat by Constellation Brands B on January 6, who reported EPS of $3.12 on revenue of $2.32B, compared to forecasts EPS of $2.75 on revenue of $2.28B.

Walgreens Boots beat all expectations with a first quarter earnings per share of $1.68 on $33.9B in revenue, as compared to $1.36 forecasted on $32.88B revenue.

You can keep up-to date on the latest earnings reports by visiting Investing.com’s earnings calendar

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