Procter & Gamble stock pops after surprise earnings beat
Procter & Gamble (PG) surprised Wall Street analysts anxiously awaiting a soft quarter. The maker of Tide Pods smashed Wall Street profit forecasts on Friday and reaffirmed its outlook. The company saw better-than-expected results in the beauty and grooming segments, which offset more tepid showings in areas like healthcare, fabric, and home care. Shares rose 1% in trading on Friday. At the same time, outgoing CEO Jon Moeller — who is handing the reins to successor Shailesh Jejurikar on Jan. 1 — told Y ...