P&G: Fiscal 4Q Earnings Snapshot
CINCINNATI (AP) _ Procter & Gamble Co. (PG) on Tuesday reported fiscal fourth-quarter net income of $1.89 billion.
On a per-share basis, the Cincinnati-based company said it had profit of 72 cents. Earnings, adjusted for one-time gains and costs, were 94 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 90 cents per share.
The world’s largest consumer products maker posted revenue of $16.5 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $16.55 billion.
P&G expects full-year earnings to be $4.45 per share.
P&G shares have fallen 13 percent since the beginning of the year, while the Standard & Poor’s 500 index has increased nearly 5 percent. The stock has declined 11 percent in the last 12 months.