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7/27/2017, 1:08 PM (Source: TeleTrader)
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P&G posts 19% increase in EPS YoY at $0.82 in Q4

American consumer goods corporation the Procter and Gamble Company reported its diluted earnings per share for the fourth quarter compared to the same period last year increased 19% to $0.82, topping market expectations. Net sales for the quarter ending on June 30 were $16.1 billion, unchanged compared to the same period a year earlier, while operating cash flow was at $3.7 billion. 

"We met or exceeded each of our going-in objectives for fiscal year 2017 in a challenging macro and competitive environment," chief executive officer David Taylor said of the financial results, adding that the company made "significant progress" on several key priorities. "Looking forward, we will continue to drive productivity improvement and cost savings to provide the fuel for investments needed to accelerate and sustain faster top-line growth while expanding operating profit margin. Our long-term objective is to deliver results at levels that support our goal of balanced growth and value creation and operating total shareholder return in the top third of our competitive peer group."

Breaking the News / JC