Beauty Product Wins Propel Another Procter & Gamble Earnings Beat
Investors pushed Procter & Gamble (NYSE: PG) shares well ahead of the market last year. Its 35% stock price rally was unusual given that it runs a massive business whose consumer staples focus supports predictably steady results. Yet P&G's operating momentum took a surprising turn higher in 2019, and investors responded by raising their expectations.
On Thursday, the company extended that streak of positive momentum into early 2020 by announcing broadly strong fiscal second-quarter results and boosting its outlook for the year. Let's take a closer look.
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Source Fool.com
