Procter & Gamble (PG) Earnings Beat Estimates with 7% Sales Growth

AI Summary

Procter & Gamble (PG) reported fiscal third-quarter earnings per share of $1.63, exceeding the $1.56 expected, while revenue reached $21.24 billion, surpassing the anticipated $20.5 billion. The company's volume grew by 2%, marking the first increase in a year, with net income rising to $3.93 billion from $3.78 billion a year earlier. The beauty division led with a 5% volume growth, while the baby and family care segment increased by 3%. P&G maintained its sales growth forecast of 1% to 5% for the full year, indicating stability despite current economic challenges.