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Procter & Gamble Quarterly Revenue Beats Expectations

The company exceeded Wall Street expectations following a rise in net income and net sales at the end of the first quarter.
Procter & Gamble位于美国辛辛那提的总部 | 图片来源:Flickr
By
  • Reuters

OHIO, United States — Procter & Gamble Co beat Wall Street estimates for quarterly revenue on Tuesday, powered by demand for its premium beauty brands such as SK-II and Olay, as well as healthcare products.

Net income attributable to the company rose to $3.59 billion, or $1.36 per share, in the first quarter ended 30 September, from $3.20 billion, or $1.22 per share, a year earlier.

Net sales climbed 6.6 percent to $17.80 billion, beating analysts' average estimates of $17.42 billion, according to IBES data from Refinitiv.

By Soundarya J; editor: Bernard Orr

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