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via finance.yahoo.comBusiness & Companies

Procter & Gamble shares rise 2% premarket after Q1 sales and profit beat estimates

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Procter & Gamble shares rose over 2% in premarket trading on Thursday after the consumer goods giant beat Wall Street estimates for first-quarter sales and profit, helped by a 4% rise in organic sales. Still guessing which stocks will beat the market? Our AI…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishA quarter beating estimates at a large consumer goods group can move the stock and the sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Core EPS was $2, versus $1.89 expected by analysts.
  2. 02Net sales rose 4% to $23.28 billion, above the $22.82 billion consensus.
  3. 03Gross margin fell to 49.8% from the prior-year level.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
The Procter & Gamble CompanyPGStock157.00 USDMarket closedtoday -1.46%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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