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Benzinga

Business

Adam Eckert

Why Procter & Gamble Shares Are Rising

Procter &Gamble

Procter & Gamble Co (NYSE:PG) shares are trading higher Wednesday after the company reported better-than-expected financial results.

Procter & Gamble said fiscal third-quarter revenue increased 7% year-over-year to $19.4 billion, which beat the $18.73 billion estimate. The company reported quarterly earnings of $1.33 per share, which beat the estimate of $1.30 per share. Earnings were up 6% year-over-year.

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