Procter & Gamble 4Q 2017 earnings and Mastercard 2Q 17 earnings were released before opening bell this morning. Procter & Gamble reported adjusted earnings of 85 cents per share on $16.1 billion in revenue, compared to the consensus estimates of 78 cents per share and $16.08 in revenue. In last year’s fourth fiscal quarter, the firm posted $16.1 billion in revenue.
Mastercard reported earnings of $1.10 per share on $3.1 billion in revenue, while Wall Street had been looking for earnings of $1.04 per share, both GAAP and non-GAAP, and $2.98 billion in revenue. In last year’s second quarter, the credit card company reported 89 cents per share in GAAP earnings and 96 cents per share in non-GAAP earnings on $2.7 billion in revenue.
Procter & Gamble 4Q 17 earnings
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On a GAAP basis, Procter & Gamble 4Q 17 earnings rose 8% year over year to 82 cents per share. Beauty & Grooming net sales rose 5% year over year organically on a 1% increase in organic volume, while Health Care net sales fell 1% on a 1% increase in volume. Fabric & Home Care net sales declined 1% organically as organic volume increased 1%. Baby, Feminine & Family Care net sales grew 4% on a 5% increase in organic volume.
For 2018, Procter & Gamble projects 2% to 3% growth in organic sales and all-in ales growth of approximately 3%. It looks for core earnings of 5% to 7% off the core earnings of $3.92 per share in fiscal 2017. The company expects all-in GAAP earnings to fall 26% to 28% off 2017’s GAAP earnings of $5.59 per share.
After the Procter & Gamble 4Q 17 earnings were released, the company’s stock rose by as much as 2.18% to $91.25 in premarket trades.
Mastercard 2Q 17 earnings
Mastercard 2Q 17 earnings revealed 17% growth in switched transactions, bringing them to 16 billion. Gross dollar volume grew 9% in local currency, while cross-border volumes grew 14% in local currency.
“Our momentum continued as we delivered record revenues and earnings per share this quarter,” Mastercard President and Chief Executive AjayBanga said in a statement. “This growth is driven by our focus on providing products and solutions that help our issuers, merchants and partners gain real value beyond the transaction.”
After the Mastercard 2Q 17 earnings were reported, the company’s stock rose by as much as 1.38% in premarket trading.