Procter & Gamble beats estimates as sales jump 9%, raises forecast amid strong demand – CNBC
Procter & Gamble reported on Tuesday that fiscal first-quarter revenue rose 9%, fueled by demand for its cleaning and laundry products during the coronavirus pandemic.
On the heels of the strong quarter, P&G raised its sales outlook and expectations for core earnings growth for fiscal 2021.
Shares of the company rose nearly 2% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: