Procter & Gamble's 1Q Results Topped Expectations


Procter & Gamble, the maker of Tide detergent and Pampers diapers, on Tuesday reported better-than-expected quarterly sales, helped by strong demand for its baby, feminine and home care products.

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Cincinnati, Ohio-based P&G said net income attributable to the company rose to $2.71 billion, or 96 cents per share, in the first quarter ended Sept. 30, from $2.60 billion, or 91 cents per share, a year earlier.

Net sales remained largely flat at $16.52 billion, but beat the average analyst estimate of $16.49 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Sruthi Ramakrishnan in Bengaluru; Editing by Martina D'Couto)