The Procter & Gamble Company (PG) Reports In-Line Earnings

The Procter & Gamble Company (PG) Reports In-Line Earnings

The Procter & Gamble Company (NYSE:PG) released its earnings numbers for the three months through September this morning before the market opened on Wall Street. The company showed earnings of $1.05 per share for the three month period on revenue totaling $21.2 billion. On yesterday’s market the company’s stock traded down a fraction to close Thursday at $80.61.

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The Procter & Gamble Company (PG) Reports In-Line Earnings

In the run up to the release of this report analysts looking at The Procter & Gamble Company (NYSE:PG) were looking for earnings of $1.05 per share on revenue totaling $21.1 billion. Procter and Gamble records the three months through September as its first quarter of the year. The company managed to earn $1.06 in the period in 2012 on revenue totaling $20.7 billion.

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Procter & Gamble outlook

Procter & Gamble Chief Executive Officer A.G. Lafley said that today’s results were in line with what the company expected and should allow the firm to earn what it previously guided for the full year 2013.

The consumer goods company showed that sales were up around 4% across the board. Good performing segments in the period included “Baby, Feminine and Family Care,” and “Fabric Care and Home Care.”

Procter & Gamble performance

The Procter & Gamble Company (NYSE:PG) shares have not performed all that well through the year so far. The company’s stock has gained a little over 18% in the full year so far. The S&P 500 has gained more than 20% in the same period. The Cincinnati-based consumer good company has flagged in 2013 on poor consumer demand through the world.

Stock in the company rose a fraction after the release of these earnings numbers this morning. Investors have taken today’s earnings as completely in line, so they are not going to move the market by all that much.
That means the stock may move more on the firm’s earnings call. That call will come later this morning at 9:30 AM EDT.

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