Procter & Gamble's Revenue Rises 3% but Falls Short of Expectations

Procter & Gamble's revenue for the fiscal second quarter of 2024 rose 3%, falling short of expectations, with earnings per share at $1.84 adjusted compared to the expected $1.70 and revenue at $21.44 billion versus the expected $21.48 billion. The company narrowed its full-year adjusted earnings per share outlook and plans to write down Gillette's value by $1.3 billion, as part of its restructuring efforts in certain markets.