P&G Beats on Top and Bottom Lines, Raises Sales Outlook

Shares of P&G (PG) - Get Report are trading higher Friday after the company surpassed Wall Street's earnings and revenue estimates for its 2017 fiscal second quarter. Earnings came in at $1.08 a share, above analysts' projections of $1.06 per share. Revenue for the period was $16.86 billion, higher than the consensus estimate for $16.80 billion. P&G also upped its full-year organic sales growth outlook.