Company news: Procter & Gamble (PG) quarterly results beat analysts’ estimates

Procter & Gamble (PG) reported Q1 FY2024 earnings of $1.83 per share (versus $1.57 per share in Q1 FY2023), beating analysts’ consensus estimate of $1.72 per share.

The company’s quarterly revenues amounted to $21.871 bln (+6.1% y/y), beating analysts’ consensus estimate of $21.581 bln.

The company also issued guidance for FY2024, seeing EPS of +6-9% y/y to $6.25-6.43 versus analysts’ consensus estimate of $6.39 and revenues of +2-4% y/y $83.65-85.29 bln versus analysts’ consensus estimate of $84.88 bln.

PG rose to $148.08 (+1.24%) in pre-market trading.