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Procter & Gamble (PG) Q4 2020 earnings: revenues boosted by pandemic

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Detail view of rolls of Charmin toilet paper in a domestic home, San Ramon, California, March 25, 2020.

Smith Collection | Gado | Getty Images

Procter & Gamble on Thursday reported strong quarterly revenue growth as consumers stuck at home bought more Tide laundry detergent and Mr. Clean products.

Even as lockdowns ease and consumers resume past behaviors, the consumer packaged goods giant expects to see higher demand for its products in fiscal 2021.

Shares of the company rose about 2% in premarket trading.

Here’s what the company reported for the quarter ended June 30 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: $1.16, adjusted,…



Source cnbc.com

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