Investing.com - Procter&Gamble reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Procter&Gamble announced earnings per share of $1.57 on revenue of $20.60. Analysts polled by Investing.com anticipated EPS of $1.56 on revenue of $20.37B.
Procter&Gamble shares are down 21.52% from the beginning of the year, still down 22.36% from its 52 week high of $165.35 set on January 21.
Procter&Gamble follows other major Consumer Staples sector earnings this month
Procter&Gamble's report follows an earnings beat by PepsiCo on October 12, who reported EPS of $1.97 on revenue of $21.97B, compared to forecasts EPS of $1.84 on revenue of $20.83B.
Costco had beat expectations on September 22 with fourth quarter EPS of $4.2 on revenue of $72.09B, compared to forecast for EPS of $4.17 on revenue of $70.8B.
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