Friday, August 5, 2011

Procter & Gamble Co. (NYSE: PG): Q4 Earnings Roundup 2011

Procter & Gamble Co. (NYSE: PG) reported Friday that its fiscal fourth-quarter profit grew 15% to $2.51 billion, or 84 cents a share, from $2.19 billion, or 71 cents a share, in the year-earlier quarter. Revenue climbed 10% to $20.86 billion from $18.93 billion. Analysts, on average, expected the company to report earnings of 82 cents a share on revenue of $20.57 billion. Looking ahead of fiscal 2012, the company forecast core earnings in the range of $4.17 to $4.33 a share, or up 6% to 10% from fiscal 2011.

"We are pleased with the strong top- and bottom-line performance in the quarter," said Chairman of the Board, President and Chief Executive Officer Bob McDonald. "We delivered organic sales growth of five percent and earnings per share growth of 18 percent in a challenging environment, driven by our ongoing commitment to make a difference in the everyday lives of the world's consumers."

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