Procter & Gamble (PG) Q2 2021 earnings
Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California.
Mario Tama | Getty Images
Procter & Gamble on Wednesday raised its fiscal 2021 outlook after its fiscal second-quarter revenue rose 8%, fueled by higher demand for its cleaning products and shaving and styling products.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $ 1.64, adjusted, vs. $ 1.51 expected
- Revenue: $ 19.75 billion vs. $ 19.27 billion expected
Excluding items, the company earned $ 1.64 per share, beating the $ 1.51 per share expected by analysts surveyed by Refinitiv.
Net sales rose 8% to $ 19.75 billion, topping expectations of $ 19.27 billion.
This story is developing. Please check back for updates.