Procter & Gamble Shares Rise 5.6% After Quarterly Sales Growth

Procter & Gamble shares climbed 5.6% Thursday as fiscal first-quarter organic sales rose 4%, lifting the stock to its highest intraday level since Feb. 27. Shares touched $166.85 during the session before finishing at $165.59. The close came at 4 p.m. ET (20:00 UTC) Thursday, Oct. 22. Fiscal first-quarter net sales reached $23.3 billion for the period ended Sept. 30, up 4% from a year earlier. Diluted earnings per share rose 1% to $1.97, while core earnings per share increased 1% to $2.00.