Procter & Gamble 3Q Sales, Earnings Top Street Views
20 Abril 2021 - 8:30AM
Dow Jones News
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)
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