Procter & Gamble Stock Slides as Fiscal 2023 Forecast Misses Estimates

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Updated July 29, 2022 7:22 am ET / Original July 29, 2022 7:04 am ET

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Procter & Gamble reported fiscal fourth-quarter earnings of $1.21 a share, missing analysts’ estimates by 1 cent, and issued a fiscal-year forecast that also missed expectations.

Shares of Procter & Gamble (ticker: PG), which makes Tide detergent, Pampers diapers and Crest toothpaste, fell 3.8% early Friday to $142.45. Coming into the session, the stock has declined 9.5% this year.

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