Proctor & Gamble beats on earnings, revenue

Consumer goods giant Proctor & Gamble reported better-than-expected second quarter earnings and revenue figures on Thursday, sending its shares higher in pre-market trade.

Earlier in the day, in its second quarter earnings report, Proctor & Gamble said earnings per share came in at USD0.79, above market forecasts for earnings of USD0.77 per share.

The company’s second quarter revenue totaled USD20.7 billion, beating expectations for revenue of USD20.5 billion.

P&G sees core EPS growth of 5% to 7% in 2014.

Following the release of the report, shares in Proctor & Gamble gained 1% in pre-market trade.

Meanwhile, the outlook for U.S. equity markets was upbeat. The Dow Jones Industrial Average futures indicated a gain of 0.7%, S&P 500 futures pointed to a rise of 0.7% and Nasdaq 100 futures indicated an increase of 0.7%.