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BUZZ-Procter & Gamble rises after beating Q2 results estimates

ReutersJan 22, 2025 3:02 PM

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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