Procter & Gamble: Strong Performance May Outlast COVID-19

Procter & Gamble (NYSE: PG) easily beat analysts' estimates when it reported fiscal first-quarter results last week. Total revenue rose 9% year over year to $19.32 billion, coming in nearly $1 billion ahead of analysts' average forecast. Earnings per share of $1.63 was ahead of a consensus estimate for $1.42.

While COVID-19 has unsurprisingly been a boon to the demand for some of the company's staple items, P&G's CFO thinks there could be a lasting impact from the coronavirus that helps lift sales beyond the pandemic.

The Wrap host Jason Hall from Motley Fool Live and senior technology specialist Daniel Sparks take a closer look at P&G's quarter in this video.

Continue reading

Source Fool.com