Procter & Gamble (PG) reported third-quarter earnings Friday that bea𒀰t estimates, though its reveꦯnue missed expectations, sending shares 1% lower in pre-market trading.

P&G reported adjusted net income of $3.76 billion and 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) of $1.52, which both rose about 11% from the year-ago period and beat analyst estimates compiled by Visible Alpha. However, revenue increased 1% year-over-year to $20.2 billion, missing estimates.

Analysts had suggested ahead of Friday's earnings report that slowing price increases could hold back P&G's revenue growth. The company reported price increases of about 3%, just above the 2.75% analysts had predicted, and the smallest hike since the second quarter of 2022.

Analysts slightly lowered their revenue estimaꦦtes ahead of 🙈the earnings.

Despite the slightly-above-expected price hike, the company still saw strong organic sales, with sales increasing in every segment except Baby and Feminine Care.

P&G also adjusted some of its guidance for the full fiscal year, raising EPS expectations to an increase 1% to 2% above the fiscal 2023 mark of $5.90, compared to🎃 prior projections of a 1% decline to flat. The company affirmed its guidance for net sales, continuing to project 2% to 4% growth compared to last year.

The Fabric and Home Care segment was P&G's largest in terms of revenue across fiscal 2023, with brands like Tide, Gain, and Dawn dish soap representing 35% of net sales. Baby and Feminine Care was the second-largest sector in 2023, with Pampers and Tampax among others making up one-quarter of P&G's sales.

P&G shares dropped about 1.3% in pre-market trading to $155.31 as of about 8:20 a.m. ET following the release. Still, shareꦚs have gained close to 6% year to date.