MW P&G's stock rallies as strength in baby, feminine care fuel an earnings beat
Shares of Procter & Gamble Co. $(PG)$ powered up 2.8% in premarket trading Wednesday, after the consumer products giant's fiscal second-quarter results beat expectations, amid strength in its baby, feminine and family care business.
Core earnings per share for the quarter to Dec. 31 rose 2.2% to $1.88, above the FactSet consensus of $1.86, while net sales grew 2.1% to $21.89 billion to beat expectations of $21.54 billion.
Baby, feminine and family care orders increased 4%, while sales were up 3% to $5.3 billion, above the FactSet consensus of $5.14 billion.
The company also affirmed its full-year net sales and EPS growth outlooks.
-Tomi Kilgore
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January 22, 2025 07:14 ET (12:14 GMT)
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