Courtesy of Benzinga.
Procter & Gamble (NYSE: PG) reported a 1.9% drop in its fiscal first-quarter net income.
Procter & Gamble reported its quarterly earnings at $3.02 billion, down from $3.08 billion, in the year-ago period. Its earnings per share gained to $1.03 from $1.02. Its revenue rose to $21.92 billion, from $20.12 billion. However, analysts were expecting earnings of $1.03 per share on revenue of $21.58 billion.
P&G projects FY12 earnings of $4.17 to $4.33 per share, versus analysts’ estimates of $4.21 per share.
Procter & Gamble shares gained 0.05% to $64.98 in pre-market trading.
