CINCINNATI (AP) — CINCINNATI (AP) — Procter & Gamble Co. (PG) on Tuesday reported fiscal fourth-quarter net income of $3.14 billion.
The Cincinnati-based company said it had net income of $1.27 per share. Earnings, adjusted for restructuring costs, came to $1.40 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.37 per share.
The world’s largest consumer products maker posted revenue of $20.53 billion in the period, which fell short of Street forecasts. Nine analysts surveyed by Zacks expected $20.72 billion.
P&G expects full-year earnings to be $6.91 to $7.05 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PG at https://www.zacks.com/ap/PG
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