5 Notable Earnings Reports to Watch

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

Number of Hedge Fund Holders: 69

Shares of The Procter & Gamble Company (NYSE:PG) rose over three percent on Wednesday, January 19, 2022, after announcing better-than-expected financial results for its fiscal second quarter.

The Procter & Gamble Company (NYSE:PG) reported earnings of $1.66 per share, up from $1.47 per share in the year-ago quarter. Revenue came in at $20.95 billion, compared to $19.75 billion in the same period of 2020. The results surpassed the consensus forecast of $1.65 per share for earnings and $20.34 billion for revenue.

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The Ohio-based consumer giant also raised the sales outlook for its FY 2022. The Procter & Gamble Company (NYSE:PG) now expects its revenue to grow in the range of 3 – 4 percent, compared to its previous projection of 2 – 4 percent growth.

Commenting on the quarter, CEO of The Procter & Gamble Company (NYSE:PG), Jon Moeller, said:

“We delivered very strong top-line growth and made sequential progress on earnings in the face of significant cost headwinds. These results keep us on track to deliver our earnings outlook and to raise estimates for sales growth, cash productivity and cash return to shareowners.”