CINCINNATI (AP) — CINCINNATI (AP) — Procter & Gamble Co. (PG) on Thursday reported fiscal second-quarter earnings of $4.32 billion.
On a per-share basis, the Cincinnati-based company said it had profit of $1.78. Earnings, adjusted for restructuring costs, were $1.88 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.
The world’s largest consumer products maker posted revenue of $22.21 billion in the period, which fell short of Street forecasts. Eight analysts surveyed by Zacks expected $22.29 billion.
P&G expects full-year earnings in the range of $6.83 to $7.09 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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