Procter & Gamble Stock Rises on Earnings Beat: What to Know

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Wed, January 22, 2025

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Procter & Gamble Stock Rises on Earnings Beat: What to Know

^{Published on 2025-01-22 11:21:09 - Kiplinger}

Procter & Gamble is trading near the top of the Dow Wednesday after the consumer staples giant beat expectations for its fiscal 2025 second quarter.

The article from Kiplinger discusses Procter & Gamble's (P&G) recent earnings report, which exceeded expectations. P&G reported a fiscal third-quarter earnings per share of $1.37, surpassing the consensus estimate of $1.32, and their revenue also beat forecasts, coming in at $20.07 billion against the expected $19.3 billion. This performance was driven by strong demand for P&G's products, particularly in categories like beauty, grooming, and health care, despite ongoing inflationary pressures. The company also raised its full-year sales and earnings guidance, reflecting confidence in continued consumer demand and pricing power. However, the article notes that P&G's stock experienced a slight dip in pre-market trading, possibly due to concerns over future growth rates and the sustainability of their pricing strategy amidst economic uncertainties.

Read the Full Kiplinger Article at:
[ https://www.kiplinger.com/investing/stocks/procter-and-gamble-pg-stock-earnings-beat-what-to-know ]

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