7/30/2020, 1:03 PM (Source: TeleTrader)
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P&G's diluted EPS jumps to $1.07 in its Q4

Procter & Gamble (P&G) earnings per share in the fourth quarter of its fiscal 2020 jumped to $1.07. The figure compares to a loss per share of $2.12 in the same quarter last year. The company added its net earnings were at $2.8 billion in its fourth quarter, increasing from a loss of $5.2 in the same trimester of its fiscal 2019. Meanwhile, net sales increased in the fourth qurater 4% year on year to $17.7 billion.

In the full-year 2020, P&G's revenue was up by 5% to $70.9 billion. Net earnings soard 230% year on year to reach $13.1 billion in the fiscal 2020 and earnings per diluted share in the same timeframe rose by 247% to $4.96.

"We delivered strong, balanced sales and profit results in fiscal 2020, both pre-COVID and through the balance of the year, meeting or exceeding each of our going-in targets, demonstrating the commitment and agility of P&G people and the robustness of our strategy," CEO David Taylor said.

P&G shares were up 1.98% in premarket trade.

Baha Breaking News (BBN) / VP