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Procter & Gamble shares surged more than 3% on Friday after the American consumer products leader announced fiscal third quarter profits that exceeded Wall Street projections.
P&G warned of a $1 billion after-tax earnings hit for fiscal 2027 due to oil costs.
KEY POINTS
- Several P&G vendors have issued force majeure notices, disrupting shipments from suppliers.
- P&G experienced a $150 million after-tax commodity cost increase for the current fiscal year.
- Fiscal Q3 volume growth and organic sales for P&G beat even the most bullish analyst forecasts.
- P&G anticipates fiscal 2026 EPS will be at the bottom of its 0%-4% growth target range.
COMPANIES
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