Procter & Gamble shares slip on Q3 revenue miss, lowered guidance

Dow Jones
24 Apr

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.

-James Rogers

This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

 

(END) Dow Jones Newswires

April 24, 2025 07:41 ET (11:41 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10