P&G Profit Increases 15% on Emerging-Market Sales
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Procter & Gamble Co., the world’s largest consumer-products company, forecast annual revenue that topped some analysts’ estimates and said fourth-quarter profit rose 15 percent as sales gained in emerging markets.
Net income in the period ended June 30 climbed to $2.51 billion, or 84 cents a share, from $2.19 billion, or 71 cents, a year earlier, Cincinnati-based P&G said today in a statement. The average estimate of 19 analysts surveyed by Bloomberg was for profit of 82 cents a share.