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US Stock Market Move | Procter & Gamble (PG.US) rises over 6%, Coca-Cola (KO.US) hits record high

US Stock Market Move | Procter & Gamble (PG.US) rises over 6%, Coca-Cola (KO.US) hits record high

智通财经智通财经2026/10/22 15:45
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Smart Finance APP reported that on Thursday, Coca-Cola (KO.US) rose by 2% to $94.56, reaching a record high; Procter & Gamble (PG.US) increased by over 6% to $166.75. In terms of news, Procter & Gamble released its first quarter fiscal 2027 financial report. The report showed that the company's Q1 net sales reached $23.3 billion, a year-on-year increase of 4%, exceeding the expected approximately $22.8 billion; core earnings per share were $2.00, up 1% year-on-year, surpassing the expected $1.89. The company had previously guided for a core EPS decline of 5% or more for the quarter, but in fact, it rose instead. The market's main focus—organic sales growth—reached 4%, far exceeding the consensus expectation of around 2% (with the most optimistic investment banks, UBS and EvercoreISI, only predicting 2.6%—3%).
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