Tide laundry detergent is shown on display in Compton, California.
Mike Blake | Reuters
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Procter & Gamble on Thursday reported mixed quarterly results as demand for its products fell.
The company, which owns Tide and Charmin, also slashed its full-year forecast for its core earnings per share and revenue.
Shares of the company fell 2% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
- Earnings per share: $1.54 vs. $1.53 expected
- Revenue: $19.78 billion vs. $20.11 billion expected
P&G reported third-quarter net income attributable to the company of $3.77 billion, or $1.54 per share, up from $3.75 billion, or $1.52 per share, a year earlier.
Net sales dropped 2% to $19.78 billion.
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