: P&G misses on profit #FinanceUSA #StockMarketNEWS Procter & Gamble Co. shares fell 3.7% in Friday premarket trading after it reported fiscal fourth-quarter profit that missed expectations. The consumer
@stockMarketNEWS 9 Days ago
P&G misses on profit #FinanceUSA #StockMarketNEWS
Procter & Gamble Co. shares fell 3.7% in Friday premarket trading after it reported fiscal fourth-quarter profit that missed expectations. The consumer goods giant posted net income of .052 billion, or .21 per share, up from .906 billion, or .13 per share, last year. Sales of .515 billion were up from .946 billion. The FactSet consensus was for EPS of .22 and sales of .405 billion. Sales growth was due primarily to pricing. For fiscal 2023, P&G is guiding for all-in sales growth in the range of flat to up 2% and EPS growth in the range of flat to up 4%. The FactSet consensus is for sales of .894 billion, implying roughly 2.3% growth. And the FactSet EPS consensus is for .02, suggesting roughly 3.4% growth. P&G stock has fallen 9.5% for the year to date while the Dow Jones Industrial Average is down 10.5% for the period.
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