P&G's quarterly sales miss Wall Street estimates, shares fall

(Reuters) – Procter & Gamble Co (N:) reported lower-than-expected quarterly sales on Thursday, its first miss in five quarters, hurt by a stronger dollar, sending its shares down about 2%.

Net sales rose 4.6% to $18.24 billion, slightly below the average analyst estimate of $18.37 billion, according to IBES data from Refinitiv.

Net earnings attributable to P&G rose to $3.72 billion, or $1.41 per share, in the second quarter ended Dec. 31, from $3.19 billion, or $1.22 per share, a year earlier.

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