Procter & Gamble Co (NYSE:PG, XETRA:PRG) shares fell more than 3% on Wednesday after the consumer goods giant reported fourth-quarter revenue that missed ***** yst estimates, even as it topped profit expectations.
The maker of Tide detergent and Pampers diapers posted revenue of $21.2 billion for the quarter, up 2% from a year earlier but below ***** ysts' estimate of $21.38 billion. Organic sales were flat year-over-year.
Adjusted earnings per share came in at $1.43, above the $1.41 estimate, though down 3% from the prior year. Diluted EPS fell 15% to $1.26, while net earnings dropped 16% to $3.04 billion.
Both operating and gross margins contracted during the quarter, while SG&A costs rose as a share of sales.
By segment, Beauty led growth, with Grooming, Health Care and Fabric & Home Care also posting modest increases. Baby, Feminine & Family Care was the only segment to decline.
#care
The maker of Tide detergent and Pampers diapers posted revenue of $21.2 billion for the quarter, up 2% from a year earlier but below ***** ysts' estimate of $21.38 billion. Organic sales were flat year-over-year.
Adjusted earnings per share came in at $1.43, above the $1.41 estimate, though down 3% from the prior year. Diluted EPS fell 15% to $1.26, while net earnings dropped 16% to $3.04 billion.
Both operating and gross margins contracted during the quarter, while SG&A costs rose as a share of sales.
By segment, Beauty led growth, with Grooming, Health Care and Fabric & Home Care also posting modest increases. Baby, Feminine & Family Care was the only segment to decline.
#care
3 months ago
