Procter & Gamble earnings beat estimates as sales grow 7%

procter & gamble beat wall street estimates on friday, reporting adjusted earnings of $1.63 per share on revenue of $21.24 billion — above the $1.56 and $20.5 billion analysts expected. net sales rose 7% from a year ago, and organic sales (stripping out acquisitions and currency) were up 3%. shares jumped 4% in premarket trading. the big number: volume grew 2%, the first time in a year p&g sold more units. beauty was the standout, with 5% volume growth across olay, head & shoulders and pantene. baby and family care saw 3% growth, driven by diapers, bounty and charmin. fabric and home care (tide) rose 2% on north american demand. grooming (gillette, venus) and health care (oral-b, vicks) both saw volume decline 2%. p&g kept its full-year forecast: sales growth of 1% to 5%, earnings per share growth of 1% to 6%.