Advertisement
Canada markets closed
  • S&P/TSX

    21,837.18
    -11.97 (-0.05%)
     
  • S&P 500

    5,149.42
    +32.33 (+0.63%)
     
  • DOW

    38,790.43
    +75.66 (+0.20%)
     
  • CAD/USD

    0.7385
    -0.0004 (-0.05%)
     
  • CRUDE OIL

    82.60
    -0.12 (-0.15%)
     
  • Bitcoin CAD

    88,040.26
    -3,999.12 (-4.35%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • GOLD FUTURES

    2,164.80
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,024.74
    -14.59 (-0.72%)
     
  • 10-Yr Bond

    4.3400
    +0.0360 (+0.84%)
     
  • NASDAQ futures

    18,180.50
    -51.00 (-0.28%)
     
  • VOLATILITY

    14.33
    -0.08 (-0.56%)
     
  • FTSE

    7,722.55
    -4.87 (-0.06%)
     
  • NIKKEI 225

    39,596.29
    -144.15 (-0.36%)
     
  • CAD/EUR

    0.6788
    -0.0004 (-0.06%)
     

Cramer: Here's why it's a remarkable quarter for Procter & Gamble and DuPont

Cramer: Here's why it's a remarkable quarter for Procter & Gamble and DuPont

It's a rather remarkable morning for Procter & Gamble (NYSE: PG) and DuPont (Euronext Paris: DPT-FR), according to CNBC's Jim Cramer. Both companies posted better-than-expected earnings and revenue for the quarter.

"You see ... Procter & Gamble and DuPont putting up 3 percent organic growth in this environment, which is rather extraordinary," Cramer said on CNBC's " Squawk on the Street " Tuesday. "Particularly when you look at Kimberly-Clark (NYSE: KMB) yesterday—predicted no growth."

The chemical maker DuPont reported a profit of 34 cents a share, topping estimates of 21 cents a share. It also reported revenue of $4.91 billion, versus the $4.87 billion in revenue expected, according to a consensus estimate from Thomson Reuters.

The consumer products giant earned $1.03 per share and revenue of $16.51 billion, exceeding expectations for 98 cents a share on sales of $16.51 billion. P&G CFO Jon Moeller , told CNBC the company's earnings report held up despite the company facing headwinds such as slowing market growth.

ADVERTISEMENT

Shares of Procter & Gamble were trading 4 percent higher Tuesday. U.S.-listed shares of DuPont were trading slightly lower Tuesday morning.



More From CNBC

  • Top News and Analysis

  • Latest News Video

  • Personal Finance