Procter & Gamble's detergent is tagged for a photograph in Tiskilwa, Illinois.
Daniel Acker | Bloomberg | Getty Images
Procter & Gamble on Tuesday reported quarterly revenue and revenue that beat analysts' expectations.
The shares of the company rose 3.5% in trading in the premarket.
This is what the company reported compared to what Wall Street expected, based on a survey by analysts at Refinitive:
- Earnings per share: $ 1
- Revenue: $ 17.09 Billion vs. $ 16.86 Billion Expected
Excluding items, Procter & Gamble earned $ 1.10 per share, beating $ 1.05 per share expected by analysts surveyed by Refinitive.
Net sales increased by 4% to $ 17.09 billion, topping expectations of $ 16.86 billion.
The Cincinnati, Ohio-based company said it expects fiscal 2020 revenue growth in the range of 3% to 4%. This includes a small negative impact from foreign currency.
It also expects adjusted earnings per share to increase by 4% to 9%. P&G said that the current forecast for commodities, foreign exchange, transport and tariffs is expected to result in a "modest net benefit" for revenue growth in fiscal year 2020.