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Tuesday, August 20, 2019
HomeNewsEconomyProcter & Gamble Co (NYSE:PG) 2Q Earnings Report Beats Forecast

Procter & Gamble Co (NYSE:PG) 2Q Earnings Report Beats Forecast

The electronic ticker at the New York Stock Exchange shows the Procter and Gamble stock quotes in New York May 7, 2010. (Photo: Reuters)
The electronic ticker at the New York Stock Exchange shows the Procter and Gamble stock quotes in New York May 7, 2010. (Photo: Reuters)

The electronic ticker at the New York Stock Exchange shows the Procter and Gamble stock quotes in New York May 7, 2010. (Photo: Reuters)

Procter & Gamble Co (NYSE:PG) released a second quarter (2Q) earnings report showing an adjusted profit of $1.08 per share, beating the forecast for $1.06. Revenue for the company came in at $16.9 billion, also beating the estimate for $16.77 billion.

“We delivered good results in the second quarter in a difficult operating environment,” said Chairman, President and Chief Executive Officer David Taylor. “Stronger top-line performance in the first half of the fiscal year is enabling us to increase our organic sales growth outlook for the full year – another step towards the levels of balanced top-line, bottom-line, and cash flow growth that will consistently put P&G shareholder value creation among the best in our industry.”

The Cincinnati, Ohio-based company&G said its core earnings per share, which excludes restructuring charges and other items, came in at $1.08, for the second quarter ended Dec. 31.

PG shared were down -0.23, or -0.27% to 84.70 in pre-market trading on Friday.


October – December 2016

Foreign

Net

Organic

Organic

Net Sales Drivers*

Volume

Exchange

Price

Mix

Other**

Sales

Volume

Sales

Beauty (1)% (2)% (1)% 2% 1% (1)% 2% 3%
Grooming 3% (2)% 1% (4)% 1% (1)% 4% 1%
Health Care 4% (2)% 1% 2% —% 5% 4% 7%
Fabric & Home Care 1% (2)% (1)% —% 1% (1)% 2% 1%
Baby, Feminine & Family Care 2% (2)% (1)% (1)% 1% (1)% 3% 1%
Total P&G 1% (2)% —% —% 1% —% 2% 2%

* Net sales percentage changes are approximations based on quantitative formulas that are consistently applied.
** Other includes the sales mix impact from acquisitions/divestitures and rounding impacts necessary to reconcile volume to net sales.

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

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