BUZZ-Procter & Gamble rises after beating Q2 results estimates
Updates
Shares of Tide detergent maker Procter & Gamble PG.N up as much as 4% at $168.14 in early trading
If gains hold, stock set for best day since Jan. 2024
PG beats estimates for quarterly results on improving demand in the United States
Co posts Q2 sales of $21.88 bln vs analysts' average estimate of $21.54 bln - data compiled by LSEG
Logs quarterly core earnings per share of $1.88 vs estimates of $1.86
PG's quarterly organic volumes were up 2%, while prices were flat
*Expect PG stock to open 'UP' based on results ahead of consensus against its underperformance since F1Q25 earnings - Truist Securities
*Brokerage adds that rest of PG's business can support near-term softness related to declines in China
PG rose about 15% in 2024
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com))
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