P&G: Fiscal 2Q Earnings Snapshot
CINCINNATI (AP) _ Procter & Gamble Co. (PG) on Wednesday reported fiscal second-quarter net income of $3.19 billion.
The Cincinnati-based company said it had profit of $1.22 per share. Earnings, adjusted for restructuring costs and non-recurring costs, were $1.25 per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The world’s largest consumer products maker posted revenue of $17.44 billion in the period, also exceeding Street forecasts. Eight analysts surveyed by Zacks expected $17.19 billion.
P&G shares have fallen roughly 2 percent since the beginning of the year, while the Standard & Poor’s 500 index has climbed 5 percent. The stock has fallen almost 1 percent in the last 12 months.