P&G: Fiscal Second Quarter Earnings Overview

Procter & Gamble Reports Second Quarter Financial Results

Procter & Gamble, headquartered in Cincinnati, announced on Thursday that it achieved a net income of $4.32 billion for its fiscal second quarter.

The company reported earnings of $1.78 per share, while adjusted earnings—which exclude restructuring expenses—came in at $1.88 per share.

These adjusted results surpassed analysts’ expectations, as a consensus of 10 analysts polled by Zacks Investment Research had projected earnings of $1.87 per share.

During the quarter, the global consumer goods giant generated $22.21 billion in revenue. However, this figure was slightly below the $22.29 billion anticipated by eight Zacks analysts.

For the full fiscal year, Procter & Gamble forecasts earnings per share to fall between $6.83 and $7.09.