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Procter & Gamble stock rallies after profit and revenue rise above expectations

·1 min read
Procter & Gamble stock rallies after profit and revenue rise above expectations
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Shares of Procter & Gamble Co. rallied 1.0% in premarket trading Friday, after the consumer products giant reported fiscal fourth-quarter profit and sales that rose above expectations, with the strongest growth in its health care and beauty businesses. Net income for the quarter to June 30 rose to $2.91 billion, or $1.13 a share, from $2.80 billion, or $1.07 a share, in the year-ago period. The FactSet consensus for earnings per share was $1.09. Sales increased 7.1% to $18.95 billion, boosted by