CINCINNATI (AP) — Procter & Gamble Co. (PG) on Thursday reported fiscal third-quarter profit of $2.51 billion.<\/p>\n
On a per-share basis, the Cincinnati-based company said it had net income of 95 cents. Earnings, adjusted for restructuring costs and pretax expenses, were $1 per share.<\/p>\n
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 98 cents per share.<\/p>\n
The world’s largest consumer products maker posted revenue of $16.28 billion in the period, also beating Street forecasts. Eight analysts surveyed by Zacks expected $16.19 billion.<\/p>\n
P&G shares have fallen 15 per cent since the beginning of the year, while the Standard & Poor’s 500 index has increased slightly more than 1 per cent. The stock has declined 14 per cent in the last 12 months.<\/p>\n
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This story was generated by Automated Insights (http:\/\/automatedinsights.com\/ap<\/a>) using data from Zacks Investment Research. Access a Zacks stock report on PG at https:\/\/www.zacks.com\/ap\/PG<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" CINCINNATI (AP) — Procter & Gamble Co. (PG) on Thursday reported fiscal third-quarter profit of $2.51 billion. On a per-share basis, the Cincinnati-based company said it had net income of 95 cents. Earnings, adjusted for restructuring costs and pretax expenses, were $1 per share. The results exceeded Wall Street expectations. The average estimate of 10 […]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6179"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=6179"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6179\/revisions"}],"predecessor-version":[{"id":6181,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/6179\/revisions\/6181"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=6179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=6179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=6179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}