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Procter & Gamble Beats Revenue And Earnings Estimates

|Includes: The Procter & Gamble Company (PG)

Originally published at www.seclive.com

Procter & Gamble (NYSE:PG) reported revenue and earnings that exceeded expectations, as it announced its fourth quarter and year-end financial results. The company reported revenue this quarter of $20.7B, a $500M increase from a year ago this quarter, with $0.79 earnings per share, a slight decrease from $0.82 earnings per share reported a year ago. For the year overall, Procter & Gamble revenues increased 1% from $83.68B to $84.17B, with net income of $11.31B, up from $10.76B last year. Earnings per share for the year were $3.86, up $0.20 per share from last year. Fourth quarter marked the first quarter in which A.G. Lafley, former and newly returned CEO, had control of the company. CFO Jon Moeller remarked that it's great to have Lafley back in charge and that he's very optimistic about the company's future.

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