P&G raises forecast after earnings top expectations, fueled by 8% jump in sales
Procter & Gamble on Wednesday raised its fiscal 2021 outlook after its fiscal second-quarter revenue rose 8%, fueled by higher demand for its cleaning products and shaving and styling products.
Here's what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.64, adjusted, vs. $1.51 expected
- Revenue: $19.75 billion vs. $19.27 billion expected
Excluding items, the company earned $1.64 per share, beating the $1.51 per share expected by analysts surveyed by Refinitiv.
Net salesrose 8% to $19.75 billion, topping expectations of $19.27 billion.
This story is developing. Please check back for updates.