USA: P&G beats Wall Street expectations
By Sarah Diston | 2 May 2001
Proctor & Gamble Co., has beaten Wall Street expectations with its third-quarter earnings increasing 19%, with shares rising more than 6% on the news. Net sales were $9.51 billion down from $9.78 billion a year ago but these latest results included a $113m charge for the company's corporate restructuring program, which P&G is accelerating to meet competition in supermarkets and other retail fronts.
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Proctor & Gamble Co., has beaten Wall Street expectations with its third-quarter earnings increasing 19%, with shares rising more than 6% on the news. Net sales were $9.51 billion down from $9.78 billion a year ago but these latest results included a $113m charge for the company's corporate restructuring program, which P&G is accelerating to meet competition in supermarkets and other retail fronts.
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