HomeBusiness & MoneyProcter & Gamble Earnings Hit By Higher Costs

Procter & Gamble Earnings Hit By Higher Costs




Procter & Gamble


shares were sliding Thursday after the consumer goods giant posted second-quarter earnings that matched analysts’ expectations, while gross margins declined largely due to higher costs.

The consumer goods giant posted net sales of $20.8 billion and diluted earnings of $1.59 per share, while analysts anticipated $20.7 billion and $1.59 per share, according to FactSet.



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