Procter & Gamble Trounces Earnings Expectations
Investors were optimistic heading into Procter & Gamble's (NYSE: PG) latest earnings report. The company had recently closed the books on its best fiscal year since starting its transformation strategy in 2013, and confidence was high that P&G can extend most of that positive momentum into fiscal 2020.
On Tuesday morning, the company surpassed those high expectations by all measures, leading management to take the rare step of boosting its guidance just one quarter into the new fiscal year.
More on that rising forecast in a moment, but first let's take a closer look at the latest results.
Source Fool.com