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Procter & Gamble Co (NYSE:PG) shares were trading higher in Tuesday's premarket session after the company posted better-than-expected first-quarter EPS and sales results.
The company reported first-quarter earnings of $1.37 per share, which beat the analyst consensus estimate of $1.24 by 10.48%.
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Procter & Gamble reported quarterly sales of $17.8 billion, which beat the analyst consensus estimate of $17.42 billion by 2.18%.
"We delivered strong top-line growth, profit margin expansion and cash productivity in the first quarter, enabling us to increase our outlook for fiscal year results," CEO David Taylor said in a statement.
Procter & Gamble shares were trading up 4.3% at $124.20 at the time of publication. The stock has a 52-week high of $125.36 and a 52-week low of $84.86.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.