Procter & Gamble earnings top estimates, but shrinking demand weighs on sales

Core Viewpoint - Procter & Gamble reported mixed quarterly results, with a decline in demand for key products like Gillette razors and Pampers diapers, leading to a drop in share price by over 2% in premarket trading [1]. Financial Performance - The company reported fiscal second-quarter net income of $4.32 billion, or $1.78 per share, down from $4.63 billion, or $1.88 per share, a year earlier [1]. - Excluding restructuring costs, the adjusted earnings per share were $1.88, slightly above the expected $1.86 [2][3]. - Net sales increased by 1% to $22.21 billion, although this fell short of the expected $22.28 billion [2][3].