P&G earnings report at a glance

AP News
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Posted: Aug 05, 2011 12:44 PM
P&G earnings report at a glance

Procter & Gamble Co. 4th quarter earnings and 2012 outlook at a glance:

THE LAST QUARTER: Consumer products maker P&G reported earnings per share of 84 cents and net income of $2.51 billion, up 15 percent. Organic sales, a key indicator that excludes the effects of buying or selling businesses or of currency fluctuations, rose 5 percent. P&G came in ahead of Wall Street estimates.

THIS QUARTER: P&G says organic sales are slowing to 2-4 percent for the quarter that will end in September, and it sees earnings per share coming in at $1 to $1.04, below FactSet analyst survey projections of $1.14 per share.

THE YEAR AHEAD: P&G thinks things will pick up as the year goes on, and will finish with organic sales up 3-6 percent and earnings per share in a range of $4.17 to $4.33. Analysts project $4.29 per share on revenue of $86.9 billion, which would be a 5 percent sales increase.