Household products giant Procter & Gamble reported quarterly earnings and revenue on Thursday that beat analysts' expectations.
The company, which makes household staples such as Bounty paper towels and Tide detergent, reported fiscal second-quarter earnings excluding items of $1.22 per share, up from $1.10 a share a year ago.
Revenue rose to $22.18 billion from $22.14 billion a year ago.
Shares of P&G traded higher in pre-market trading following the announcement. (Click here to get the latest quotes for Procter & Gamble.)
Analysts had expected P&G to report earnings excluding items of $1.11 a share on $21.91 billion in revenue, according to a consensus estimate from Thomson Reuters.
"The consumer is definitely hanging in there. We haven't seen an inflection point in the market growth rates yet, but we also haven't seen any deterioration. So it's reasonably good," Procter & Gamble CFO Jon Moeller told CNBC.