Why Are Procter & Gamble (PG) Shares Soaring Today
Shares of consumer products behemoth Proctor & Gamble (NYSE:PG) jumped 5.2% in the morning session after the company reported second-quarter results with EPS exceeding Wall Street's expectations. Looking ahead, full year EPS guidance was raised and now stands above Consensus expectations. On the other hand, volume and organic growth missed, leading to a slight revenue miss. Despite this, Proctor & Gamble maintained its top-line outlook for the full year with expectations for growth in the two to