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Procter & Gamble Fiscal Third-Quarter Results Top Street Views; Maintains Full-Year Outlook

Procter & Gamble (PG) reported stronger-than-expected fiscal third-quarter results on Friday, while the consumer goods giant reiterated its full-year outlook.The maker of Crest toothpaste and Pampers diapers posted adjusted earnings of $1.59 a share for the quarter ended March, up from $1.54 the year before, topping the FactSet-polled consensus for $1.56. Sales rose 7% to $21.24 billion, ahead of the Street's view for $20.53 billion.The stock increased 3% in the most recent premarket activity."We delivered a solid acceleration in top-line results in our fiscal third quarter, with broad-based growth across product categories and regions," Chief Executive Shailesh Jejurikar said in a statement. "We're increasing investments to accelerate momentum with consumers despite the challenging geopolitical and economic environment, while still maintaining our guidance ranges for the fiscal year."Procter & Gamble continues to project adjusted EPS to be in a range of $6.83 to $7.09 for fiscal 2026, while the Street is looking for $6.93. It also maintained its full-year sales growth guidance of 1% to 5% and organic revenue forecast of in line to up 4% year over year.On a net basis, per-share earnings are still pegged to grow by 1% to 6% for the ongoing fiscal year.Procter & Gamble recorded overall gains of 1% in price in the third quarter, while volume advanced 2%. Foreign exchange was a tailwind of 4% to the topline. On an organic basis, which excludes foreign-exchange impact, sales were up 3% while volume inclined 2%.Sales in the fabric and homecare, grooming and healthcare segments rose 7% each on an annual basis in the quarter. The beauty segment recorded an 11% jump in revenue to $3.87 billion, while sales in the baby, feminine and family care business moved 6% higher to $5.06 billion.Core gross margin declined by 100 basis points versus the prior-year period, amid unfavorable mix, reinvestments and higher costs from tariffs, among other factors, the company said."We continue to believe the best path to sustainable, balanced growth is by strengthening execution of our integrated growth strategy," according to Jejurikar. "We are confident in the progress we're making and excited about the longer-term opportunity."

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US Markets2d ago

Procter & Gamble Fiscal Third-Quarter Results Top Street Views; Maintains Full-Year Outlook

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Asia Markets2d ago

Israel-Lebanon Ceasefire Extension Nudges US Equity Futures Higher Pre-Bell

US equity futures nudged higher pre-bell Friday as Israel and Lebanon extended their ceasefire by three weeks in a meeting at the White House facilitated by President Donald Trump.Dow Jones Industrial Average futures were 0.1% lower, S&P 500 futures were up 0.4%, and Nasdaq futures were 1.3% lower.Fighting between Israel and Iran-backed militant group Hezbollah in Lebanon has been a key discussion point in negotiations to end the conflict in the Middle East. The Strait of Hormuz remains effectively closed to vessels, while the US maintains its blockade on Iranian ports.Trump said he was not in a hurry to reach a peace agreement with Iran, saying he wanted to make it "everlasting." He had extended the US-Iran ceasefire, calling the Iranian government "fractured," but Iran's Supreme Leader Ayatollah Mojtaba Khamenei on Thursday denied Trump's claim of disunity in the country's leadership.Traders tracked the latest round of earnings, with Procter & Gamble (PG) reporting higher fiscal Q3 financial results and HCA Healthcare (HCA) posting an increase in Q1 adjusted earnings and revenue.Oil prices were mostly flat, with front-month global benchmark North Sea Brent crude up 0.3% at $105.39 per barrel and US West Texas Intermediate crude 0.1% lower at $95.73 per barrel.The final University of Michigan consumer sentiment report for April, scheduled at 10 am ET, is expected to show consumer sentiment index coming in at 48.5, compared with the preliminary reading of 47.6, according to estimates compiled by Bloomberg.In other world markets, Japan's Nikkei closed 1% higher, Hong Kong's Hang Seng ended 0.2% higher, and China's Shanghai Composite finished 0.3% lower. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.2% higher in Europe's early afternoon session.In equities, Intel (INTC) shares rose 26% after the company reported fiscal Q1 adjusted earnings and revenue, as well as issued fiscal Q2 guidance, that surpassed analyst estimates. Advanced Micro Devices (AMD) stock was 11% higher after DA Davidson upgraded the company's stock to buy from neutral and raised its price target to $375 from $220. Procter & Gamble shares were up 2.6% after the company's fiscal Q3 financial results beat analysts' consensus.On the losing side, HCA Healthcare shares dropped 7.8% after the company reported its Q1 financial results. Comcast (CMCSA) stock was down 2.7% after the company posted lower Q1 adjusted earnings from a year ago. Infosys (INFY) shares fell 2.6% despite reporting higher fiscal Q4 earnings and revenue.

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