Why Procter & Gamble Stock Was Climbing Today
Shares of Procter & Gamble (NYSE: PG) were gaining today after the household products giant delivered a strong fiscal fourth-quarter earnings report, successfully passing along price increases and beating estimates on the top and bottom lines.
As of 10:48 a.m. ET, the stock is up 3.2%.
Overall revenue rose 5% to $20.6 billion, beating estimates at $20 billion, with organic sales up 8%, which strips out the effect of acquisitions, divestitures, and currency exchange.
Source Fool.com
