10:25 ET -- Procter & Gamble Co. is one of the most talked about companies in the U.S. across all news items in the last 12 hours, according to Factiva data, after the consumer-goods company trimmed its sales guidance. The maker of Tide laundry detergent, Pampers diapers and Crest toothpaste reported fiscal first-quarter earnings of $1.57 a share, down 2% but topping the FactSet consensus estimate of $1.53. Sales were up 1%, at $20.61 billion, as a stronger U.S. dollar erased most of the gains for the quarter, but were ahead of the $20.33 billion expected. P&G lowered its annual revenue guidance, forecasting a fall of 1%-3% from a previous estimate that saw growth between flat and 2%, citing the run-up in the value of the dollar against other currencies. Shares are up 2.5%, at $131.47. Dow Jones & Co. owns Factiva. (robb.stewart@wsj.com)

(END) Dow Jones Newswires

October 19, 2022 10:40 ET (14:40 GMT)

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