Analysts polled by Thomson Reuters expected earnings of $1.03 a share on revenue of $21.53 billion.
Organic sales rose 4% on higher volume and pricing, the company said.
P&G, in a statement Thursday, said it held or increased market share in three of five regions, 11 of its top 15 countries, four of six reporting segments and on 15 of its 24 billion-dollar brands.P&G said net sales and organic sales are expected to increase 3% to 6% in fiscal 2012. Earnings from continuing operations and core earnings are expected to be in the range of $4.17 to $4.33 a share, up 6% to 10% vs. a base period Core EPS of $3.95. Analysts expect fiscal-year earnings of $4.20 a share on revenue of $87.12 billion. P&G said it expects net sales growth in the second quarter of 3% to 5%, the company said. Per-share earnings and Core EPS are expected in the range of $1.05 to $1.11, down 7% to down 2% versus a base period Core EPS of $1.13. -- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV