The electronic ticker at the New York Stock Exchange shows the Procter and Gamble stock quotes in New York May 7, 2010. (Photo: Reuters)
Procter & Gamble Co (NYSE:PG) released a second quarter (2Q) earnings report showing an adjusted profit of $1.08 per share, beating the forecast for $1.06. Revenue for the company came in at $16.9 billion, also beating the estimate for $16.77 billion.
“We delivered good results in the second quarter in a difficult operating environment,” said Chairman, President and Chief Executive Officer David Taylor. “Stronger top-line performance in the first half of the fiscal year is enabling us to increase our organic sales growth outlook for the full year – another step towards the levels of balanced top-line, bottom-line, and cash flow growth that will consistently put P&G shareholder value creation among the best in our industry.”
The Cincinnati, Ohio-based company&G said its core earnings per share, which excludes restructuring charges and other items, came in at $1.08, for the second quarter ended Dec. 31.
PG shared were down -0.23, or -0.27% to 84.70 in pre-market trading on Friday.
|
October – December 2016 |
Foreign |
Net |
Organic |
Organic |
||||||||||||||
|
Net Sales Drivers* |
Volume |
Exchange |
Price |
Mix |
Other** |
Sales |
Volume |
Sales |
||||||||||
| Beauty | (1)% | (2)% | (1)% | 2% | 1% | (1)% | 2% | 3% | ||||||||||
| Grooming | 3% | (2)% | 1% | (4)% | 1% | (1)% | 4% | 1% | ||||||||||
| Health Care | 4% | (2)% | 1% | 2% | —% | 5% | 4% | 7% | ||||||||||
| Fabric & Home Care | 1% | (2)% | (1)% | —% | 1% | (1)% | 2% | 1% | ||||||||||
| Baby, Feminine & Family Care | 2% | (2)% | (1)% | (1)% | 1% | (1)% | 3% | 1% | ||||||||||
| Total P&G | 1% | (2)% | —% | —% | 1% | —% | 2% | 2% |
* Net sales percentage changes are approximations based on quantitative formulas that are consistently applied.
** Other includes the sales mix impact from acquisitions/divestitures and rounding impacts necessary to reconcile volume to net sales.
