Although Procter & Gamble's earnings surpassed expectations, its quarterly sales did not meet the forecast.

• Although Procter & Gamble reported better-than-expected earnings, its quarterly revenue did not meet Wall Street's estimates.
• In over two years, the company's volume saw a first increase.

Although the company reported mixed quarterly results on Tuesday, its volume increased for the first time in over two years.

P&G's sales growth was driven by price hikes, but volume declined as consumers bought less of its products.

Shares of the company fell 3% in premarket trading.

Based on a survey of analysts by LSEG, the company's reported results differed from Wall Street's expectations.

• Earnings per share: $1.40 adjusted vs. $1.37 expected
• Revenue: $20.53 billion vs. $20.74 billion expected

P&G's fiscal fourth-quarter net income was $3.14 billion, or $1.27 per share, a decrease from $3.38 billion, or $1.37 per share, in the previous year.

Excluding items, the company earned $1.40 per share.

P&G's organic revenue increased 2% in the quarter, while net sales remained flat compared to the previous year.

P&G's grooming, health care, and fabric and home care products experienced a 2% volume growth, resulting in a 1% overall increase in volume for the company.

Despite the company's efforts, its beauty and baby, feminine and family care divisions still faced challenges. Both units experienced a 1% decline in volume due to reduced demand for their respective products, SK-II skincare and diapers.

P&G expects its core net earnings per share to fall between $6.91 and $7.05 for fiscal 2025. The company also maintained its revenue growth forecast of 2% to 4% for the same period.