Procter & Gamble revenue misses estimates as volume stays unchanged

Procter & Gamble on Wednesday reported mixed quarterly results, as underwhelming demand for its products resulted in weaker-than-expected sales.

Shares of the company fell more than 3% in premarket trading.

Here's what Procter & Gamble reported compared with what Wall Street was expecting, based on a survey of analysts by LSEG

P&G reported fiscal fourth-quarter net income attributable to the company of $3.04 billion, or $1.26 per share, down from $3.62 billion, or $1.48 per share, a year earlier.

Excluding restructuring costs, transaction gains and other items, the company earned $1.43 per share.

Net sales rose 2% to $21.2 billion.

P&G also announced that CEO Shailesh Jejurikar will become chair of the board, effective Aug. 1, in addition to his current role. He replaces former chief executive Jon Moeller.