Procter & Gamble raises earnings forecast but quarterly sales disappoint
by CNBC
CNBC— The Tide owner's quarterly volume was flat for the second consecutive quarter.
@Marketplace—Higher prices have been depressing sales for Procter & Gamble. Consumers are experiencing price fatigue, one economist says.
Yahoo Finance—General Motors beats quarterly results targets, raises forecast. General Motors on Tuesday posted quarterly results that topped Wall Street targets and raised its annual forecast, citing stable pricing and demand for its gas-engine vehicles, sending shares up 3.45% in pre-market trading. “Our consumer has been remarkably resilient in this period of higher interest rates,” GM Chief Financial Officer Paul Jacobson said. While the company started 2024 strong, CEO Mary Barra still has two large challenges ahead: turning around GM's shrinking sales in China, and...
Quartz Africa—Procter & Gamble hiked prices — and then Pampers and Bounty sales dipped. Shares of consumer goods giant Procter & Gamble (P&G) slipped during Friday morning trading, after price hikes on certain products kept the company from reaching revenue expectations in its fiscal third quarter. Procter & Gamble stock fell about 1% following the company’s most recent quarterly earnings report. The company hiked prices by an average of 3% in the third quarter, resulting in mixed results for different product categories. P&G’s biggest earner — baby, feminine and family care...