10/19/2018, 1:02 PM (Source: TeleTrader)
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P&G reports EPS of $1.22 in Q1, 15% up YoY

American consumer goods corporation Procter & Gamble Co. (P&G) announced on Friday its earnings per share in first quarter of fiscal 2019 stood at $1.22, marking a 15% increase year over year. The company's revenue amounted to $16.7 billion, relatively unchanged from the same time period last year. Procter & Gamble reported a gross profit of $8.2 billion, 2% less than the first quarter of 2018.

In three months ending in September, Procter & Gamble's sales in the beauty department amounted to $3.2 billion, marking 5% growth year over year. The sales of grooming products reached a figure of $1.6 billion, or 1% less than the same time period last year, while the sales of health care products stood at $1.8 billion, 3% less than the first quarter in fiscal 2018.

"We generated strong consumption, organic volume and organic sales in the first quarter. This keeps us on track to deliver our top- and bottom-line targets for the fiscal year," P&G Chief Executive Officer David Taylor commented. "Our focus on superiority, productivity and improving P&G’s organization and culture is driving improved results," he added.

Shortly after the reported was released, P&G shares added 2.82% in the premarket trading.

Breaking the News / SS