1/23/2018, 1:27 PM (Source: TeleTrader)
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Procter & Gamble posts diluted EPS at $0.93 in Q2

American multi-national consumer goods corporation Procter & Gamble Co. reported its diluted net earnings per share in the second fiscal quarter of 2018 decreased 68% year over to year to $0.93. In the update released on Tuesday, P&G said net sales amounted to $17.4 billion, a rise of 3% compared to the same period a year earlier, while organic sales increased 2%. Meanwhile, core earnings per share rose 10% to $1.19, including a $0.05 per share benefit due to the enactment of the recently passed Tax Cuts and Jobs Act.

"We accelerated organic sales growth and delivered strong productivity cost savings and cash flow," CEO David Taylor commented on the results, adding that the company remains on track to achieve its fiscal year goals.

Breaking the News / JC