Shares of Procter & Gamble declined in premarket trading Wednesday as Wall Street reacted to mixed quarterly earnings from the consumer packaged goods company.

Procter & Gamble posted core earnings of $1.43 a share for the fiscal fourth quarter, down from $1.48 a year ago but slightly above Wall Street expectations of $1.41. Sales grew 2% to $21.2 billion, missing the consensus call for $21.38 billion, according to FactSet.

Looking ahead, the company expects fiscal 2027 core earnings of $6.89 to $7.11 a share with sales growing between 1% and 3%. Wall Street forecasts fiscal 2027 earnings of $7.02 a share with sales growing 2.7%, according to FactSet. The guidance for fiscal 2027 at the midpoint of $7 a share slightly misses Wall Street's consensus view.

Procter & Gamble stock declined 3.5% to $143.80 in premarket trading on Wednesday after ending Tuesday up about 0.2%. Shares have been in a holding pattern this year, gaining about 4%.