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The Procter & Gamble Company (PG) reported mixed fiscal fourth-quarter 2014 results beating the Zacks Consensus Estimate for earnings but missing the same for sales. The consumer products giant met its financial targets for the year and issued a positive outlook for the next fiscal year. Shares rose 1.7% in pre-market trading.
P&G’s fourth-quarter adjusted earnings (excluding restructuring cost and charges for European legal matters) of 95 cents per share beat the Zacks Consensus Estimate of 91 cents by 4.4%.
Moreover, earnings increased 20% in the quarter despite currency headwinds of 4 cents. Excluding currency headwinds, earnings increased 25% as pricing gains, cost reductions and lower taxes boosted earnings in the quarter. |
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