Procter & Gamble Stock News

CNBC's Jim Cramer said investors looking to diversify beyond the struggling AI trade should consider consumer staples, which surged more than 11% in October. He highlighted Kimberly-Clark, Procter & Gamble, Constellation Brands and Coca-Cola.

A dividend stock earns its place in a long-term portfolio by doing more than mailing shareholders a quarterly check. It needs a business that can fund those payments while investing sufficiently to stay “competitive.

Procter & Gamble Co (NYSE:PG, XETRA:PRG) beat analyst estimates for first-quarter revenue and adjusted earnings on Thursday and held its full-year outlook, as organic sales rose 4% across its portfolio.  Revenue rose 4% from a year earlier to $23.28 billion, ahead of the $22.79 billion analysts expected.

Procter & Gamble (PG) delivered better-than-expected earnings for its fiscal Q1, offering investors evidence that demand for its household staples can withstand pressure on consumer budgets. The Tide and Pampers owner reported first-quarter core earnings of $2 per share, beating the $1.88 consensus estimate, while revenue of $23.28 billion exceeded expectations of $22.80 billion.

Procter & Gamble attributes its acquisition of Thorne as a reason for its guidance boost.

Procter & Gamble topped Wall Street's estimates for its quarterly earnings and revenue. The company updated its full-year sales forecast to reflect its acquisition of Thorne.

Procter & Gamble logged higher sales and said it is managing to stay on track despite rising fuel costs.