4/26/2017, 1:04 PM (Source: TeleTrader)
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P&G earns $0.96 a share in Q3

The Procter and Gamble Co. stated on Wednesday its third-quarter core earnings per share, which exclude non-core restructuring charges, grew 12% to $0.96 year on year on net sales of $15.6 billion. Although net sales recorded a 1% decrease from the fiscal 2016, organic sales rose 1% and increased in four of five business segments. The Cincinnati-based company's diluted earnings per share fell 4% to $0.93

"The third quarter macro environment was characterized by a slowdown in market growth, continued geopolitical disruptions and foreign exchange challenges," the corporation's chief executive David Taylor stated.

The stock declined 0.54% in premarket trading as sales missed expectations, which didn't come as a too big surprise since the third quarter of fiscal 2016 was strong.

Baha Breaking the News (BBN) / DN