Procter & Gamble's earnings beat as higher pricing offsets drop in volume

Procter & Gamble connected Wednesday reported quarterly net and gross that topped analysts' estimates arsenic higher pricing offset little request for its products.

Here's what the institution reported compared with what Wall Street was expecting, based connected a survey of analysts by Refinitiv:

• Earnings per share: $1.57 vs. $1.54 expected
• Revenue: $20.61 cardinal vs. $20.28 cardinal expected

P&G reported fiscal first-quarter nett income of $3.94 billion, oregon $1.57 per share, down from $4.11 billion, oregon $1.61 per share, a twelvemonth earlier.

Net sales rose 1% to $20.61 billion, topping expectations of $20.28 billion.

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