Procter & Gamble Reports Better-Than-Expected Profit, Maintains Guidance

0 – Procter & Gamble reported better-than-expected fiscal first-quarter numbers and reiterated its full-year guidance on Friday, sending shares higher in pre-market trade.

The firm reported diluted earnings per share of $1.22, an increase of 15% compared to the prior year. The comparable core earnings per share increased 3% to $1.12.

Revenue of $16.69 billion was in line sales registered a year earlier.

Analysts polled by forecast EPS of $1.10 on revenue of $16.49 billion.

“We generated strong consumption, organic volume and organic sales in the first quarter,” David Taylor, P&G’s Chairman, President and Chief Executive Officer, said in the release. “This keeps us on track to deliver our top- and bottom-line targets for the fiscal year.”

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