Procter & Gamble Stock Gaps Lower on Mixed Results
P&G(PG) Schaeffers Investment Research·2024-07-30 22:08
Cincinnati-based consumer goods firm Procter & Gamble Co (NYSE:PG) reported mixed fiscal fourth-quarter results this morning. While earnings surpassed expectations as volume increased for the first time in more than two years thanks to strong demand for several key segments, revenue missed Wall Street's estimates. In response, PG was last seen 5.8% lower at $159.93.Options traders are targeting Procter & Gamble stock following the results. So far today, 11,000 puts and 11,000 calls have exchanged hands, whi ...