P&G Profit Rises 7.6% as Home Care Sales Gain
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Procter & Gamble Co., the world’s largest consumer-products maker, said fiscal first-quarter profit rose 7.6 percent as sales of home-care goods and baby products gained.
Net income increased to $3.03 billion, or $1.04 a share, from $2.81 billion, or 96 cents, a year earlier, Cincinnati-based P&G said today in a statement. Excluding some items, profit was $1.05 a share, matching the average of 20 analysts’ estimates compiled by Bloomberg.