Shares of Procter & Gamble declined in premarket trading Wednesday as Wall Street reacted to mixed quarterly earnings and underwhelming profit guidance from the consumer packaged goods company. Procter & Gamble posted core earnings of $1.43 a share for the fiscal fourth quarter, down from $1.48 a year ago but slightly above Wall Street expectations of $1.41. It was a mixed bag for Procter & Gamble’s product categories—which range from baby care to hair care.
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Investing.com -- Procter & Gamble Co. (NYSE: PG) reported its fourth-quarter results before the open on Wednesday, slightly beating earnings expectations but missing on revenue.
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