Procter & Gamble Tops Q1 Estimates With $23.28B Sales, $2.00 Core EPS

Procter & Gamble posted fiscal first-quarter sales of $23.276 billion and core earnings per share of $2.00, topping the higher of two separate published estimates as it maintained key parts of its annual outlook. The quarter covered the three months ended Sept. 30. Two separate published estimates put sales at $22.80 billion and $22.82 billion, with core EPS estimates of $1.88 and $1.89, respectively. P&G's actual results exceeded the higher estimate in each pair. Net sales were up 4% from a year earlier, and core EPS increased 1%. Organic sales also grew 4%.