Procter & Gamble earnings beat estimates as sales grow 7%

Shares of the company rose more than 2% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG:

• Earnings per share: $1.63 adjusted vs. $1.56 expected
• Revenue: $21.24 billion vs. $20.5 billion expected

P&G reported fiscal third-quarter net income attributable to the company of $3.93 billion, or $1.63 per share, up from $3.78 billion, or $1.54 per share, a year earlier.

Net sales rose 7% to $21.24 billion.