CINCINNATI (AP) — CINCINNATI (AP) — Procter & Gamble Co. (PG) on Tuesday reported fiscal second-quarter profit of $3.47 billion.
The Cincinnati-based company said it had profit of $1.40 per share. Earnings, adjusted for amortization costs and restructuring costs, were $1.84 per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.70 per share.
The world's largest consumer products maker posted revenue of $21.44 billion in the period, falling short of Street forecasts. Nine analysts surveyed by Zacks expected $21.55 billion.
P&G expects full-year earnings in the range of $6.37 to $6.43 per share.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PG at https://www.zacks.com/ap/PG