5 Earnings Reports Everyone is Talking About

3. The Procter & Gamble Company (NYSE:PG)

Number of Hedge Fund Holders: 68

Shares of The Procter & Gamble Company (NYSE:PG) slipped over one percent on Tuesday, 19 October 2021, after its fiscal first-quarter profit dropped versus last year. The consumer goods giant reported core earnings of $1.61 per share, down from $1.63 per share in the year-ago quarter.

In addition, The Procter & Gamble Company (NYSE:PG) posted revenue of $20.34 billion, translating to a surge of five percent on a year-over-year basis. The results were better than the consensus forecast of $1.59 per share for earnings and $19.84 billion for revenue.

If we look at the performance of key segments, revenue at both beauty and grooming segments increased 5 percent, while health care revenue jumped 8 percent versus last year.

The Procter & Gamble Company (NYSE:PG) also reaffirmed the financial outlook for its fiscal year 2022. It expects core earnings per share to grow in the range of 3 – 6 percent and revenue growth between 2 – 4 percent for the full year.