Procter & Gamble (PG) reported Q3 FY2023 earnings of $1.37 per share (versus $1.33 per share in Q3 FY2022), beating analysts’ consensus estimate of $1.32 per share.
The company’s quarterly revenues amounted to $20.068 bln (+3.5% y/y), beating analysts’ consensus estimate of $19.320 bln.
The company also reaffirmed FY2023 EPS of $5.81-6.04 versus analysts’ consensus estimate of $5.86 but raised FY2023 revenues guidance to +1% y/y from prior guidance of -1% to 0% to $80.99 bln versus analysts’ consensus estimate of $80.96 bln.
PG rose to $153.10 (+1.49%) in pre-market trading.
