Procter & Gamble Co. headquarters building in Cincinnati.[/caption]Household products giant Procter & Gamble (PG) reported quarterly earnings and revenue on Thursday that beat analysts' expectations.
The company, which makes household staples such as Bounty paper towels and Tide detergent, reported fiscal second-quarter earnings excluding items of $1.22 per share, up from $1.10 a share a year ago.
Revenue rose to $22.18 billion from $22.14 billion a year ago.
"The consumer is definitely hanging in there. We haven't seen an inflection point in the market growth rates yet, but we also haven't seen any deterioration. So it's reasonably good," Procter & Gamble CFO Jon Moeller told CNBC. Read the entire story
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