CINCINNATI (AP) — CINCINNATI (AP) — Procter & Gamble Co. (PG) on Friday reported fiscal third-quarter earnings of $3.93 billion.
On a per-share basis, the Cincinnati-based company said it had net income of $1.63. Earnings, adjusted for non-recurring gains, came to $1.59 per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.56 per share.
The world’s largest consumer products maker posted revenue of $21.24 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $20.51 billion.
P&G expects full-year earnings in the range of $6.83 to $7.09 per share.
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