Procter & Gamble (PG) cuts its earnings outlook for the current quarter and full-year 2013,...

|About: The Procter & Gamble Company (PG)|By:, SA News Editor

Procter & Gamble (PG) cuts its earnings outlook for the current quarter and full-year 2013, and expects to post one-time charges of $200M-$275M, or ~$0.07-$0.09/share, due to Venezuela's surprise currency devaluation. PG says it also expects the new exchange rate to affect other transactions, such as the import of finished products and raw materials. Shares -0.7% AH.