Categories AlphaGraphs, Consumer, Earnings
PG Earnings: Procter & Gamble Q3 profit climbs, beats estimates
Consumer goods behemoth The Procter & Gamble Company (NYSE: PG) announced financial results for the third quarter of 2024, reporting a double-digit growth in net profit. Sales rose modestly.
Core earnings increased to $1.52 per share in Q3 from $1.37 per share in the year-ago quarter, and came in above analysts’ forecast. Net income attributable to the company, on a reported basis, was $3.75 billion or $1.52 per share in Q3, compared to $3.40 billion or $1.37 per share in the corresponding quarter of 2023.
Net sales increased modestly to $20.2 billion in the March quarter from $20.1 billion in the prior-year period. There was a 3% growth in organic sales during the three months.
“We delivered solid sales and strong earnings growth in the third quarter despite multiple headwinds, enabling us to raise our EPS growth guidance and maintain our top-line outlook for the fiscal year,” said Jon Moeller, CEO of Procter & Gamble.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
AMAT Earnings: Applied Materials Q4 revenue and profit increase YoY
Applied Materials, Inc. (NASDAQ: AMAT) announced financial results for the fourth quarter of 2024, reporting an increase in revenue and adjusted earnings. Adjusted earnings of the semiconductor technology company increased
Walmart (WMT) is gearing up to report Q3 results. Here’s what to expect
Walmart Inc. (NYSE: WMT) has consistently delivered stable performance across various market conditions, with the company's focus on grocery and other consumer essentials driving store traffic. The retail giant’s rapidly
What to expect when Target (TGT) reports its Q3 2024 earnings results
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday. The stock has gained 9% over the past three months. The retailer is scheduled to report its earnings results for
