Bottles of Tide detergent, a Procter & Gamble product, are displayed for sale in a pharmacy on July 30, 2020 in Los Angeles, California.
Mario Tama | Getty Images
Procter & Gamble on Friday reported mixed quarterly as the consumer products giant hiked prices in the face of rising commodity costs.
Shares of the company were down about 1% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.21 adjusted vs. $1.22 expected
- Revenue: $19.52 billion vs. $19.4 billion expected
P&G reported fiscal fourth-quarter net income attributable to the company of $3.05 billion, or earnings per share of $1.21, up from $2.9 billion, or $1.13 per share, a year earlier.
Net sales rose 3% to $19.52 billion.
This article was originally published by Cnbc.com. Read the original article here.