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April 19, 2024

Procter & Gamble revenue falls short of expectations, raises full-year earnings guidance

Procter & Gamble (NYSE:PG) reported third-quarter earnings that surpassed analysts\’ expectations, with adjusted earnings per share (EPS) of $1.52, which was $0.11 higher than the consensus estimate of $1.41. However, the company experienced a slight setback as revenue for the quarter was reported at $20.2 billion, falling short of the analysts\’ consensus of $20.44 billion. The stock responded with a modest decline of 1.2%, reflecting investor reaction to the revenue miss.

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