23.01.2024 15:54:46 - dpa-AFX: Procter & Gamble Shares Rise On Higher Sales In Q2
CINCINNATI (dpa-AFX) - Shares of The Procter & Gamble Company (PG)are rising
more than 5% Tuesday morning after reporting higher sales in the second quarter.
Sales for the quarter grew to $21.441 billion from $20.773 billion in the
previous year.
Profit for the second quarter, however, declined to $3.468 billion or $1.40 per
share from $3.933 billion or $1.59 per share in the same quarter a year ago.
On average, analysts polled by Thomson-Reuters expected the company to report
earnings of $1.7 per share on revenue of $21.48 billion for the quarter.
PG, currently at $154.96, has traded in the range of $135.83 - $158.38 in the
last 1 year.
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