Morning News Leader: Procter & Gamble (PG) Hits All-Time High on Q4 Earnings Beat
The Procter & Gamble Company (PG) is up 3.7% Tuesday morning following the company’s better than expected fiscal fourth-quarter report. The stock hit a new all-time high of $120.94 after posting earnings of $1.10 per share versus the consensus $1.05. The company reported sales of $17.1 billion for the quarter which outpaced the $16.86 billion forecast.
The Procter & Gamble Company (PG) makes consumer goods.
Eli Lilly and Company (LLY) and Ralph Lauren Corporation (RL) top the list of other companies with positive news today, while McDermott International, Inc. (MDR) and Under Armour, Inc. (UAA) top the list of companies with negative news.
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About Procter & Gamble Company (The)
Since its founding in 1837, Procter & Gamble has become the world's largest consumer product manufacturer. It operates with a lineup of leading brands, including 21 that generate more than $1 billion in annual global sales such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G sold its last remaining food brand, Pringles, to Kellogg in 2012. Sales beyond its home turf represent around 55% of the firm's consolidated total, with around one third coming from emerging markets.