P&G Revenue Trails Estimates After Dollar Hurts Sales
P&G Q3 Revenue Misses Estimates on Strong Dollar
This article is for subscribers only.
Procter & Gamble Co., the world’s largest consumer-products maker, reported third-quarter revenue that missed analysts’ estimates after the strong dollar crimped overseas sales.
Revenue fell 7.6 percent to $18.1 billion, the Cincinnati-based company said in a statement Thursday. Analysts estimated $18.4 billion, according to data compiled by Bloomberg.