MW Procter & Gamble shares slip on Q3 revenue miss, lowered guidance
Shares of Procter & Gamble Co. $(PG)$ are down 1.6% in premarket trading after the consumer products giant's fiscal third-quarter revenue missed Wall Street's estimate, and it lowered its guidance.
Revenue fell 2% year-over-year to $19.78 billion, below the FactSet consensus estimate of $20.15 billion. Procter & Gamble's profit of $1.54 a share beat the FactSet consensus estimate of $1.52 a share.
The company now expects sales for fiscal 2025 to be approximately in-line with the prior year. Previously, Procter & Gamble had forecast sales growth between 2% and 4%.
Procter & Gamble also updated its 2025 earnings per share guidance to be in the range of 6% to 8% growth versus $6.02 in 2024. Previously, the company had forecast earnings per share growth of 10% to 12%.
This is a developing news story with updates to come.
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April 24, 2025 07:41 ET (11:41 GMT)
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