By Colin Kellaher

 

Procter & Gamble Co. on Tuesday posted fiscal third-quarter sales and earnings that topped expectations, boosted by sales growth in higher-priced home-care, oral-care and appliances categories in the North America and Greater China regions.

The Cincinnati consumer-products giant reported net income of $3.27 billion, or $1.26 a share, for the quarter ended March 31, up from $2.92 billion, or $1.12 a share, a year earlier.

Analysts polled by FactSet, on average, were expecting earnings of $1.19 a share.

Sales rose 5% to $18.11 billion, topping the $17.97 billion Wall Street was expecting. Organic sales, which exclude the impacts of foreign exchange, acquisitions and divestitures, rose 4%, P&G said.

Procter & Gamble said it still expects fiscal 2021 adjusted per-share earnings to rise by 8% to 10%, with sales up 5% to 6% on both a reported and organic basis.

 

Write to Colin Kellaher at colin.kellaher@wsj.com

 

(END) Dow Jones Newswires

April 20, 2021 07:15 ET (11:15 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.
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