Tuesday, July 30, 2019

Procter & Gamble Q4 Profit Beats Estimates; Organic Sales Up 7%

Procter & Gamble Co. (PG) reported that its fourth-quarter core earnings per share increased 17 percent year-on-year, driven by strong organic sales growth and core operating margin expansion. Currency-neutral core earnings per share were up 26 percent from the prior year. Excluding items, organic sales climbed seven percent, supported by a three percent increase in organic volume. Shares of Procter & Gamble were up more than 4 percent in pre-market trade on Tuesday.

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