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30.07.2024

Company news: Procter & Gamble (PG) posts mixed quarterly results

Procter & Gamble (PG) reported Q4 FY2024 earnings of $1.40 per share (versus $1.37 per share in Q4 FY2023), beating analysts’ consensus estimate of $1.37 per share.

The company’s quarterly revenues amounted to $20.532 bln (-0.1% y/y), missing analysts’ consensus estimate of $20.693 bln.

The company also issued in-line guidance for FY2025, seeing EPS of $6.91-7.05, versus analysts’ consensus estimate of $6.96 and revenue growth of 2-4% y/y, which translates to ~$85.7-87.4 bln versus analysts’ consensus estimate of $86.79 bln.

PG fell to $165.02 (-2.89%) in pre-market trading.

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