By
Reuters
Reuters
Published
Jul 31, 2018
Jul 31, 2018
Procter & Gamble quarterly sales below estimates
By
Reuters
Reuters
Published
Jul 31, 2018
Jul 31, 2018
Procter & Gamble Co reported lower-than-expected quarterly sales on Tuesday, due to a disappointing performance at the unit that makes Gillette razors and shaving products, sending the company’s shares down 1.5 percent before the bell.
Net income attributable to the company fell to $1.89 billion, or 72 cents per share, in the fourth quarter ended June 30, compared with $2.22 billion, or 82 per share, a year earlier.
Net sales rose to $16.50 billion from $16.08 billion. Analysts had forecast sales of $16.54 billion, according to Thomson Reuters I/B/E/S.
© Thomson Reuters 2024 All rights reserved.