#pg
🇺🇸Procter & Gamble Co. shares (PG) are trading around $140.
📊Last week, the company reported its quarterly results for the second quarter. The corporation reported revenue of $19.52 billion, up 3% year-over-year. Earnings per share rose 7% to $1.21.
🤨Despite this, investors were disappointed by the forecast of the management of Procter & Gamble Co. for the next financial year. Earnings per share are expected to be $5.93 instead of $6.02 previously thought, with sales up 3-5%, down from 7% this year. The forecast was revised amid rising transportation costs, high inflation and shrinking consumer spending, which has already lost more than $3 billion.😱
📉Analysts recommend holding “short” positions on PG shares with a target of $120.
🇺🇸Procter & Gamble Co. shares (PG) are trading around $140.
📊Last week, the company reported its quarterly results for the second quarter. The corporation reported revenue of $19.52 billion, up 3% year-over-year. Earnings per share rose 7% to $1.21.
🤨Despite this, investors were disappointed by the forecast of the management of Procter & Gamble Co. for the next financial year. Earnings per share are expected to be $5.93 instead of $6.02 previously thought, with sales up 3-5%, down from 7% this year. The forecast was revised amid rising transportation costs, high inflation and shrinking consumer spending, which has already lost more than $3 billion.😱
📉Analysts recommend holding “short” positions on PG shares with a target of $120.