Arab Today, arab today procter and gamble profits fall less than expected
Last Updated : GMT 03:57:12
Arab Today, arab today
Arab Today, arab today

Procter and Gamble profits fall less than expected

Arab Today, arab today

Arab Today, arab today Procter and Gamble profits fall less than expected

New York - AFP

US consumer goods giant Procter and Gamble reported a 48 percent drop in quarterly earnings Thursday due to an asset sale but bested expectations on higher revenues. P and G, a component of the Dow index, said fourth-quarter net income was $1.9 billion on revenues of $20.7 billion, compared with net income in the year-ago period of $3.6 billion on revenues of $20.2 billion. The 2012 period included profits from Pringles, which was sold by P and G to Kellogg Company. The 2013 results were also hit by some other charges, including a foreign exchange charge of 6 cents per share. The results translated into \"core\" earnings of 79 cents per share, two cents higher than analyst expectations. Revenues came in about $95 million above expectations. P and G said net earnings increased in its beauty, grooming and health care segments. But the company saw profit declines in its fabric care/home care and baby care/family care segments. Volumes were higher in four of five segments. Pricing was unchanged compared with last year. The current earnings period is the first since former chief executive A.G. Lafley reassumed the top post in an executive shakeup in May. Lafley is expected to focus on cost-cutting and improving the performance of P&G\'s brands, many of which are considered premium products compared with offerings from rivals like Unilever and Colgate-Palmolive. P and G forecast 2014 organic sales growth of 3-4 percent and \"core\" earnings of growth of 5-7 percent. The company anticipates somewhat lower restructuring costs in 2014 compared with 2013. P and G shares were up 1.4 percent in pre-market trading.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today procter and gamble profits fall less than expected Arab Today, arab today procter and gamble profits fall less than expected

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today procter and gamble profits fall less than expected Arab Today, arab today procter and gamble profits fall less than expected

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday