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Procter & Gamble's first-quarter sales beat estimates

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Procter & Gamble's first-quarter sales beat estimates
FILE PHOTO: Bottles of Procter & Gamble's Tide laundry detergent are seen in a store in Manhattan, New York, U.S., August 1, 2016. REUTERS/Andrew Kelly/File Photo GLOBAL BUSINESS WEEK AHEAD   -   Copyright  Andrew Kelly(Reuters)
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(Reuters) – Procter & Gamble Co <PG.N> reported better-than-expected first-quarter sales on Friday, boosted by strong demand for beauty and home care products.

The world’s largest consumer goods maker said net income attributable to the company rose to $3.20 billion, or $1.22 per share, in the first quarter ended Sept. 30, from $2.85 billion, or $1.06 per share, a year earlier.

Net sales rose marginally to $16.69 billion beating analysts’ average estimate of $16.46 billion, according to I/B/E/S data from Refinitiv.

(Reporting by Soundarya J in Bengaluru; Editing by Shounak Dasgupta)

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