Investing.com - The world's largest multinational consumer goods company, Procter & Gamble reported worse-than-expected third-quarter revenue figures ahead of Wednesday’s opening bell, sending its shares lower in pre-market trade.
Earlier in the day, in its third-quarter earnings report, P&G said core earnings per share came in at USD0.99, above expectations for USD0.96 per share.
The company’s third-quarter revenue totaled USD20.6 billion, below expectations for revenue of USD20.71 billion.
P&G maintained its guidance of 3% to 4% organic sales growth for 2013 and raised the lower end of its range for core earnings per share by USD0.02.
Following the release of the report, shares in PG slumped 1.6% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was higher. The Dow Jones Industrial Average futures indicated a gain of 0.2% at the open, S&P 500 futures pointed to a rise of 0.2% and Nasdaq 100 futures indicated an increase of 0.2%.
Earlier in the day, in its third-quarter earnings report, P&G said core earnings per share came in at USD0.99, above expectations for USD0.96 per share.
The company’s third-quarter revenue totaled USD20.6 billion, below expectations for revenue of USD20.71 billion.
P&G maintained its guidance of 3% to 4% organic sales growth for 2013 and raised the lower end of its range for core earnings per share by USD0.02.
Following the release of the report, shares in PG slumped 1.6% in pre-market trade.
Meanwhile, the outlook for U.S. equity markets was higher. The Dow Jones Industrial Average futures indicated a gain of 0.2% at the open, S&P 500 futures pointed to a rise of 0.2% and Nasdaq 100 futures indicated an increase of 0.2%.