Procter & Gamble 4Q 2017, And Mastercard 2Q 17 Earnings Reported -

Procter & Gamble 4Q 2017, And Mastercard 2Q 17 Earnings Reported

Jul 27, 2017Jeremy ParkinsonFinance0

Procter & Gamble (PG) 4Q 2017 earnings and Mastercard (MA) 2Q 17 earnings were released before opening bell this morning. Procter & Gamble reported adjusted earnings of 85 cents per share on $16.1 billion in revenue, compared to the consensus estimates of 78 cents per share and $16.08 in revenue. In last year’s fourth fiscal quarter, the firm posted $16.1 billion in revenue.

Mastercard reported earnings of $1.10 per share on $3.1 billion in revenue, while Wall Street had been looking for earnings of $1.04 per share, both GAAP and non-GAAP, and $2.98 billion in revenue. In last year’s second quarter, the credit card company reported 89 cents per share in GAAP earnings and 96 cents per share in non-GAAP earnings on $2.7 billion in revenue.

Procter & Gamble 4Q 17 earnings

On a GAAP basis, Procter & Gamble 4Q 17 earnings rose 8% year over year to 82 cents per share. Beauty & Grooming net sales rose 5% year over year organically on a 1% increase in organic volume, while Health Care net sales fell 1% on a 1% increase in volume. Fabric & Home Care net sales declined 1% organically as organic volume increased 1%. Baby, Feminine & Family Care net sales grew 4% on a 5% increase in organic volume.

For 2018, Procter & Gamble projects 2% to 3% growth in organic sales and all-in ales growth of approximately 3%. It looks for core earnings of 5% to 7% off the core earnings of $3.92 per share in fiscal 2017. The company expects all-in GAAP earnings to fall 26% to 28% off 2017’s GAAP earnings of $5.59 per share.

After the Procter & Gamble 4Q 17 earnings were released, the company’s stock rose by as much as 2.18% to $91.25 in premarket trades.

Mastercard 2Q 17 earnings

Mastercard 2Q 17 earnings revealed 17% growth in switched transactions, bringing them to 16 billion. Gross dollar volume grew 9% in local currency, while cross-border volumes grew 14% in local currency.

“Our momentum continued as we delivered record revenues and earnings per share this quarter,” Mastercard President and Chief Executive AjayBanga said in a statement. “This growth is driven by our focus on providing products and solutions that help our issuers, merchants and partners gain real value beyond the transaction.”