US Stock Alert | Q4 revenue misses expectations, Procter & Gamble (PG.US) falls about 4%

According to Zhihu Finance APP, on Wednesday, Procter & Gamble (PG.US) opened sharply lower and, as of press time, was down about 4%. In terms of news, Procter & Gamble’s fourth-quarter financial report showed that revenue missed market expectations, with net sales rising 1.5% to $21.20 billion, below the expected $21.38 billion. Rising food and gasoline prices, as well as persistent inflation over several consecutive quarters, have forced low-income consumers to tighten spending and look for cheaper alternatives for some everyday goods. Meanwhile, the company updated investors on its ongoing restructuring plan and progress in layoffs.