P&G Shares Soar on Strong Quarterly Earnings
Procter & Gamble (P&G) saw its shares jump more than 4% following the release of its better-than-expected quarterly earnings. Despite missing sales expectations, the consumer products giant reported solid profitability, excluding charges related to writing down the value of Gillette and non-core restructuring measures. Adjusted earnings per share rose nearly 16% to $1.84, surpassing analyst forecasts of $1.70. P&G also raised the low end of its full-year earnings per share guidance.
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