US Stock Market Move | The Procter & Gamble Company (PG.US) rose more than 6%; Coca-Cola Company (KO.US) stock price hit a record high.

On Thursday, Coca-Cola Company (KO.US) rose 2% to $94.56, with its stock price hitting a record high; The Procter & Gamble Company (PG.US) rose more than 6% to $166.75. On the news front, The Procter & Gamble Company released its fiscal 2027 first-quarter financial report. The report shows that the company's Q1 net sales were $23.3 billion, up 4% year over year, beating expectations of about $22.8 billion; core earnings per share were $2.00, up 1% year over year, beating expectations of $1.89. The company had previously guided that core EPS for the quarter would decline 5% or more year over year, but it actually rose instead of falling. Organic sales growth, which the market watches most closely, reached 4%, far exceeding the consensus estimate of about 2% (even UBS Group AG and Evercore ISI, the most optimistic among investment banks, forecast only 2.6%-3%). Coca-Cola Company will report third-quarter results on October 27. UBS Group AG said in a research report on Monday that Coca-Cola Company is expected to report third-quarter results broadly in line with expectations and, while maintaining earnings visibility, is still expected to support further valuation re-rating and continued outperformance. The bank expects the company's third-quarter earnings per share of $0.87, organic revenue growth of 4%, and a gross margin of 61.6%.