Why P&G stock is up today: PG shares climb after Procter & Gamble holds outlook
Procter & Gamble shares rose 2.7% to $150.07 Thursday after reporting fiscal Q2 net sales of $22.2 billion, up 1%, with core earnings of $1.88 per share. Sales narrowly missed analyst estimates, but profit beat expectations. The company kept its full-year guidance unchanged despite a 1% drop in unit volume. U.S. consumer spending on staples remained soft.