Procter & Gamble Analysts Lower Their Forecasts Following Q3 Results

Procter & Gamble Company PG reported mixed results for the third quarter on Thursday.The company reported a third-quarter sales decline of 2.1% year over year to $19.78 billion, missing the analyst consensus estimate of$20.11 billion. Adjusted EPS of $1.54 beat the consensus estimate of$1.53.“We’re making appropriate adjustments to our near-term outlook to reflect underlying market conditions while remaining confident in the longer-term growth prospects for our brands and the markets where we compete,” sa ...