Procter & Gamble (PG) revenue falls short of expectations, raises full-year earnings guidance
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Go back to Procter & Gamble (PG) revenue falls short of expectations, raises full-year earnings guidance
April 22, 2024 5:05 AM EDT
Jefferies analyst Kaumil Gajrawala raised the price target on Procter & Gamble (NYSE: PG) to $182.00 (from $175.00) while maintaining a Buy rating.
The analyst comments "F3Q EPS beat expectations, growing +11%. The solid delivery comes despite volatile macro conditions and a one-off retailer... More
April 19, 2024 7:04 AM EDT
By Ananya Mariam Rajesh and Jessica DiNapoli
(Reuters) - Procter & Gamble raised its annual profit forecast on lower commodity costs and as consumers, particularly in the United States and Europe, kept buying its pricey Tide detergent and Dawn dish soap.
Even though P&G's third-quarter net sales fell short of analysts' expectations, the company has been able to boost its bottom line, building on the benefits from raw material prices coming down from the peaks seen during the pandemic.
Volumes grew around 3% in its top market, the U.S., Chief Financial Officer Andre Schulten... More
April 19, 2024 6:57 AM EDT
Procter & Gamble (NYSE: PG) reported Q3 EPS of $1.52, $0.11 better than the analyst estimate of $1.41. Revenue for the quarter came in at $20.2 billion versus the consensus estimate of $20.44 billion.
Fiscal Year 2024 Guidance
P&G maintained its guidance range for fiscal 2024 all-in sales growth to be in the range of two to four percent versus the prior year. Foreign exchange is expected to be a headwind of approximately one to two... More
