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The Oakland, Calif.-based household products manufacturer reported fiscal first-quarter sales of $1.92 billion, surpassing the $1.75 billion that analysts surveyed by Refinitiv were expecting.
Net profit spiked 104% to $415 million, or an adjusted $3.22 per share. Wall Street analysts were forecasting adjusted earnings of $2.32 per share.
“We delivered another quarter of outstanding results to have a strong start to the fiscal year, with broad-based strength across our portfolio, driving double-digit sales growth in all reportable segments,” said CEO Linda Rendle in a statement.
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