Published on 20 Jan 2022 on Benzinga
According to Benzinga Pro, during Q2, Procter & Gamble (NYSE:PG) earned $4.24 billion, a 2.81% increase from the preceding quarter. Procter & Gamble also posted a total of $20.95 billion in sales, a 3.02% increase since Q1. In Q1, Procter & Gamble earned $4.13 billion, and total sales reached $20.34 billion.
Earnings data without context is not clear and can be difficult to base trading decisions on. Return on Capital Employed (ROCE) helps to filter signal from noise by measuring yearly pre-tax profit relative to capital employed by a business. Generally, a higher ROCE suggests successful growth of a company and is a sign of higher earnings per share in the future. In Q2, Procter & Gamble posted an ROCE of 0.09%.