The Procter & Gamble Company (NYSE: PG) reported second-quarter 2020 financial results before the regular market hours on Wednesday. The consumer goods major reported second-quarter revenue of $19.7 billion, up 8% year-over-year, and higher than the Wall Street projection. Meanwhile, net income of $1.47 per share missed the target that analysts had predicted.
PG shares rose 1.7% immediately following the announcement. The stock has gained a modest 5% in the trailing 12 months.
Latest economic data evoked mixed sentiment this week -- the rebound in economic activity has raised inflation concerns while jobless claims declined for the sixth week in a row. The
Video game retailer GameStop Corp. (NYSE: GME), which has become the talk of the town after the unprecedented stock rally in recent weeks, reported a narrower loss for the first
The steel industry managed to shrug off the pandemic blues earlier than expected as the recovery in industrial activity pushed up demand. With the vaccination drive and the government’s aggressive