Procter & Gamble Tops Estimates but Trims Fiscal-12 months Product sales Outlook

Procter & Gamble

reported fiscal initially-quarter earnings and revenue that defeat analysts’ estimates but the consumer products big warned that fiscal-yr earnings would be at the small end of the company’s forecast. P&G blamed the much better greenback and increasing inflation.

The stock was increasing 1.8% in premarket investing.

Procter & Gamble

reported fiscal initially-quarter earnings and revenue that defeat analysts’ estimates but the consumer products big warned that fiscal-yr earnings would be at the small end of the company’s forecast. P&G blamed the much better greenback and increasing inflation.

The stock was increasing 1.8% in premarket investing.