Filed under: Earnings reports, Forecasts, Products and services, Consumer experience, Competitive strategy, Colgate-Palmolive (CL), Procter and Gamble (PG), Stocks to Buy
As with the consumers to whom it sells, Procter & Gamble Co. (NYSE: PG) has weathered tough times in recent months. The Cincinnati company saw revenues fall and volumes squeezed (not unlike its trademark Charmin bath tissue) as recession-weary shoppers continued to rein-in expenses and begged off buying pricier goods.Still, following a year in which the company faced one of the most difficult macroeconomic environments in decades, P&G surprised analysts Thursday by reporting fiscal first-quarter earnings of $3.31 billion, or $1.06 a share, compared with $3.35 billion, or $1.03 a share, a year earlier. Analysts polled by Zacks.com anticipated the company would earn just 97 cents a share.
Continue reading Under new leadership, P&G begins to build a brighter future
Under new leadership, P&G begins to build a brighter future originally appeared on BloggingStocks on Thu, 29 Oct 2009 18:20:00 EST. Please see our terms for use of feeds.
Permalink | Email this | CommentsFull story at http://www.pheedcontent.com/click.phdo?i=b07a51913eebdd40198b20e852df2640
No comments:
Post a Comment