Procter & Gamble (PG) has reported an earnings beat for the third quarter of fiscal year 2020 driven by strong organic sales figures. Third quarter Non-GAAP EPS of $1.17 beat the consensus estimate by $0.04.However, revenue of $17.21 billion (up 4.6% year-over-year) missed the Street’s expectations by $80 million. Shares are rising marginally higher in Friday’s pre-market trading.“Organic shipment volume increased six percent as strong consumer demand in North America and certain European markets due to the COVID-19 pandemic was partially offset by volume decreases in certain Asian markets due primarily to temporary disruption of consumer access to retail markets …read more
Source:: Yahoo Finance
