Procter & Gamble earnings, income beat within the second quarter
© Reuters. Procter & Gamble earnings, revenue beat in the second quarter
Investing.com – Procter & Gamble reported Wednesday, the second quarter, that analysts’ forecasts and revenue exceeded expectations.
Procter & Gamble announced earnings per share of $ 1.64 on sales of $ 19.75 billion. Analysts polled by Investing.com expected earnings per share of $ 1.51 on sales of $ 19.24 billion.
Procter & Gamble shares are down 3.98% year-to-date, down 8.94% after hitting a 52-week high of $ 146.72 on November 9, 2020. They underperform the Dow Jones, which has risen 1.06% since the beginning of the year.
Procter & Gamble follows other major gains in the consumer and non-cyclical sectors this month
The Procter & Gamble report follows a jump in earnings for Constellation Brands A on Jan. 7, which reported earnings per share of $ 3.09 on revenue of $ 2.44 billion, compared with forecast earnings per share of 2, $ 42 on sales of $ 2.23 billion.
Constellation Brands B exceeded expectations on Jan. 7, with earnings per share of $ 3.09 on revenue of $ 2.44 billion for the third quarter, compared to a forecast for earnings per share of $ 2.41 sales of $ 2.23 billion.
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