Procter & Gamble's stock gains after profit beat as sales fall slightly short

Procter & Gamble Co.’s stock PG, +0.20% rose 1.2% premarket Tuesday, after the consumer goods giant beat profit estimates for its fiscal second quarter as it again raised prices. The Cincinnati-based company posted net income of $3.468 billon, or $1.40 a share, for the quarter to Dec. 31, down from $3.933 billion, or $1.59 a share, in the year-earlier period. Adjusted per-share earnings came to $1.84, well ahead of the $1.70 FactSet consensus. Sales rose 3% to $21.441 billion from $20.733 billion year ago, ...