The Procter & Gamble Company (NYSE:PG) announced its first quarter earnings results on Tuesday 20th October 2020 before market open.
The consumer packaged goods provider, reported $ 1.63 income per share for the quarter, beat the consensus estimate of $ 1.41 income per share by $ 0.22 or 15.60 percent.
The quarterly earnings boosted 19.85 percent compared with the same quarter last year.
The Procter & Gamble Company had revenue of $ 19,318.00 million for the quarter, compared to the consensus estimate of $ 18346.40 million. The revenues outshined analysts estimates by $ 971.60 million or 5.30 percent.
The financial report showed revenues surged 8.54 percent versus first quarter of last year.
Analysts estimates are from Thompson Reuters, exclude one time gain or loss
David Taylor, Chairman, President and Chief Executive Officer, commented, We delivered another strong quarter of organic sales growth, core earnings per share and cash returned to shareowners, enabling us to increase our outlook for fiscal year results. Our near-term priorities continue to be employee health and safety, maximizing availability of P&G products for consumers around the world, and helping society meet the challenges of the COVID crisis.
Moving forward, PG announced revenue outlook for 2021 to a range of $ 73080.00 million ~ $ 73790.00 million, At the same time, earnings estimate in a range of $ 5.38 ~ $ 5.53 per share.Wall street analysts expected 2021 income of $ 5.40 per share on revenue of $ 72930.00 million.
