The Zhitong Finance App learned that on Wednesday, Procter & Gamble (PG.US) jumped low. As of press release, the decline was about 4%. According to the news, P&G's fourth quarter earnings report showed that revenue fell short of market expectations, and net sales increased 1.5% to US$21.20 billion, but fell short of the forecast of US$21.38 billion. Rising food and gasoline prices and consecutive quarters of sticking inflation have forced low-income consumers to tighten spending and find cheaper alternatives to some everyday items. At the same time, the company updated investors on ongoing restructuring plans and the progress of layoffs.

The Zhitong Finance App learned that on Wednesday, Procter & Gamble (PG.US) jumped low. As of press release, the decline was about 4%. According to the news, P&G's fourth quarter earnings report showed that revenue fell short of market expectations, and net sales increased 1.5% to US$21.20 billion, but fell short of the forecast of US$21.38 billion. Rising food and gasoline prices and consecutive quarters of sticking inflation have forced low-income consumers to tighten spending and find cheaper alternatives to some everyday items. At the same time, the company updated investors on ongoing restructuring plans and the progress of layoffs.