By 
Procter & Gamble’s products include Crest toothpaste.
Tiffany Hagler-Geard | Bloomberg | Getty Images
Procter & Gamble reported on Tuesday that fiscal first-quarter revenue rose 9%, fueled by demand for its cleaning and laundry products during the coronavirus pandemic.
On the heels of the strong quarter, P&G raised its sales outlook and expectations for core earnings growth for fiscal 2021.
Shares of the company rose nearly 2% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:
- Earnings per share: $1.63 vs. $1.42 expected
- Revenue: $19.32 billion vs. $18.38 billion expected
The company reported net…
Source cnbc.com
