Procter & Gamble tops earnings, revenue estimates even as higher prices drive some consumers away

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Tide laundry detergent is shown on display in Compton, California.
Mike Blake | Reuters

Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts’ expectations.

Shares of the company rose less than 1% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG, formerly known as Refinitiv:

  • Earnings per share: $1.83 vs. $1.72 expected
  • Revenue: $21.87 billion vs. $21.58 billion expected

The company earned $1.83 per share.

Net sales rose 6% to $21.87 billion.

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