Shares of Procter & Gamble Co. dropped 1.2% in premarket trading Thursday, after the branded consumer goods company reported fiscal second-quarter profit...
Shares of Procter & Gamble Co. PG dropped 1.2% in premarket trading Thursday, after the branded consumer goods company reported fiscal second-quarter profit that matched expectations, but volume that fell more than some analysts had forecast. Net income fell to $3.93 billion, or $1.59 a share, from $4.22 billion, or $1.66 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.59 matched the FactSet consensus $1.59. Sales declined 0.9% to $20.
93 billion, or $1.59 a share, from $4.22 billion, or $1.66 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of $1.59 matched the FactSet consensus $1.59. Sales declined 0.9% to $20.77 billion, the first year-over-year decline since the quarter ended June 2017, but just above the FactSet consensus of $20.73 billion.
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