This Buffett Stock Just Crushed Earnings: Time to Buy?
Procter Gamble (NYSE: PG) just reported its financial results for the first quarter of fiscal 2024, ended Sept. 30. Net revenue of $21.9 billion and diluted earnings per share of $1.83 both beat Wall Street expectations. Unsurprisingly, investors reacted positively, sending the shares higher immediately following the announcement.
There's a lot to unpack with this consumer staples stock's latest quarterly numbers. Let's take a closer look at Procter Gamble, a business that's in Berkshire Hathaway's portfolio, in a bit more depth. Then investors can decide if the shares are worth buying right now.
The company's revenue gain was boosted, once again, by price increases for its various products. In fact, in 18 of the last 19 quarters, Procter Gamble's financial results were driven largely by beneficial pricing trends.
Source Fool.com
Berkshire Hathaway Inc. A Stock
Currently there is a rather positive sentiment for Berkshire Hathaway Inc. A with 3 Buy predictions and 0 Sell predictions.
As a result the target price of 650000 € shows a slightly positive potential of 9.24% compared to the current price of 595000.0 € for Berkshire Hathaway Inc. A.
