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Why Procter & Gamble Stock Was Climbing Today

TheMotleyFool

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Why Procter & Gamble Stock Was Climbing Today: https://g.foolcdn.com/editorial/images/741690/choosing-domestic-cleaning-product-by-the-supermarket-shelf.jpg

Shares of Procter & Gamble (NYSE: PG) were gaining today after the household products giant delivered a strong fiscal fourth-quarter earnings report, successfully passing along price increases and beating estimates on the top and bottom lines.

As of 10:48 a.m. ET, the stock is up 3.2%.

Overall revenue rose 5% to $20.6 billion, beating estimates at $20 billion, with organic sales up 8%, which strips out the effect of acquisitions, divestitures, and currency exchange.

Source Fool.com

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