— Procter & Gamble (NYSE: PG) reported core earnings of $1.42 per share for the second quarter of 2020, vs. $1.37 per share expected.
— Net earnings attributable to P&G were $3.72 billion or $1.41 per share, compared to $3.19 billion or $1.22 per share in the second quarter of 2019
— Sales rose 5% to $18.24 billion vs. $18.3 billion expected
— P&G raised its fiscal 2020 guidance for core earnings per share growth from a range of 5-10% to a range of 8-11% versus fiscal 2019
— Expects to pay over $7.5 billion in dividends and repurchase $7 billion to $8 billion of common shares in fiscal 2020
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— PG stock was trading down about 2% in the pre-market trading session