Procter & Gamble (P&G) reported earnings that exceeded Wall Street's expectations for the latest quarter, but its revenue figures disappointed analysts. 

As shared by CNBC, the company revealed earnings of $1.40 per share, adjusted for various factors, surpassing the anticipated $1.37 per share. Despite this positive earnings report, P&G's revenue for the quarter was $20.53 billion, falling short of the $20.74 billion forecasted by analysts.

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Procter & Gamble Increase in Volume

Meanwhile, this quarter is an import milestone for P&G, as it saw a 1% increase in volume, the first growth in more than two years. Volume, which excludes the effects of pricing changes, is a more precise indicator of actual consumer demand. 

The uptick in volume was driven by stronger demand in its grooming, health care, and fabric and home-care products, all of which experienced a 2% increase in volume.

However, the company's beauty and baby, feminine, and family care segments faced continued challenges. Both of these divisions experienced a 1% drop in volume, largely due to decreased demand for its high-end SK-II skincare products and diapers. 

These issues contributed to P&G's overall revenue not meeting expectations, leading to a 4.6% drop in its stock price during premarket trading, according to MarketWatch.

Looking ahead, P&G has projected core net earnings per share to be between $6.91 and $7.05 for fiscal 2025. The company also maintained its revenue growth outlook of 2% to 4%, with CEO Jon Moeller expressing confidence in the company's strong position heading into the next fiscal year.

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