Changes in US stocks | Procter & Gamble (PG.US) rose more than 6%, Coca Cola (KO.US) stock price reached a record high

The Zhitong Finance App learned that on Thursday, Coca Cola (KO.US) rose 2% to $94.56, a record high; Procter & Gamble (PG.US) rose more than 6% to $166.75. According to the news, P&G announced financial results for the first quarter of the 2027 fiscal year. According to financial reports, the company's Q1 net sales were US$23.3 billion, up 4% year on year, higher than the forecast of about US$22.8 billion; core earnings per share were 2.00 US dollars, up 1% year on year, higher than the forecast of 1.89 US dollars. The company previously indicated a year-on-year decline of 5% or more in core EPS for the quarter; in fact, there was no decline but an increase. Organic sales, which the market is most concerned about, increased by 4%, far exceeding the agreed expectations of about 2% (the most optimistic investment banks, UBS and EvercoreISI also only forecast 2.6% to 3%).

Coca Cola will announce its third-quarter results on October 27th. UBS said in Monday's research report that Coca Cola is expected to announce results for the third fiscal quarter that are basically in line with expectations, and is still expected to support further valuation adjustments and continued market performance on the premise of maintaining profit visibility. The bank expects third-quarter earnings of $0.87 per share, organic revenue growth of 4%, and gross margin of 61.6%.