Procter & Gamble stock falls 3% after missing Q4 sales estimates
Procter & Gamble reported fiscal fourth-quarter net sales of $21.2 billion, falling short of Wall Street expectations due to weak consumer demand. The company's stock dropped more than 3% in premarket trading.
Key facts
- Procter & Gamble reported Q4 net sales of $21.2 billion
- Sales missed Wall Street expectations
- Weak consumer demand weighed on results
- P&G stock fell more than 3% in premarket trading
Entities
Institutions
- Procter & Gamble
Sources
- Quartz —