Reported about 13 hours ago
Procter & Gamble exceeded Wall Street's profit expectations in its latest earnings report, driven by strong performance in beauty and grooming segments while facing weaker results in healthcare and home care. Despite a cautious consumer spending trend, the company's shares rose 1%. Outgoing CEO Jon Moeller noted that while consumers are not downgrading, they are looking for savings on everyday products. Procter & Gamble maintained its full-year sales and earnings outlook, emphasizing the challenges in key markets like the U.S. and Europe.
Source: YAHOO