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Procter & Gamble (PG) results for the first quarter of 2024

Tide laundry detergent on display in Compton, California.

Mike Blake | Reuters

Procter & Gamble On Wednesday, the group announced quarterly profits and revenues above analysts’ expectations, despite a decline in volumes for the sixth consecutive quarter.

Shares of the company rose less than 1% in premarket trading.

Here’s what the company reported compared to what Wall Street expected, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: $1.83 versus $1.72 expected
  • Revenue: $21.87 billion versus $21.58 billion expected

P&G reported first-quarter net income attributable to the company of $4.52 billion, or $1.83 per share, compared with $3.94 billion, or $1.57 per share, a year earlier.

Net sales increased 6% to $21.87 billion.

cnbc Business

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