Pepto Bismol made by Procter & Gamble is displayed on a grocery store shelf on July 28, 2023 in Greenbrae, California.
Justin Sullivan | Getty Images
Procter & Gamble On Wednesday, it reported quarterly earnings and revenue that beat analysts' expectations, thanks to growing demand for household staples such as toilet paper and laundry products.
The company's shares rose 2.5% in pre-market trading.
Here's what the company reported compared to what Wall Street was expecting, based on a survey of analysts conducted by LSEG:
- Earnings per share: $1.88 adjusted vs. $1.86 expected
- Revenues: $21.88 billion versus $21.54 billion expected
Procter & Gamble reported second-quarter net income attributable to the company of $4.63 billion, or $1.88 per share, up from $3.47 billion, or $1.40 per share, a year earlier.
Excluding items, the company had earnings of $1.88 per share.
Net sales It rose 2% to $21.88 billion.
