Analysts expected it to post earnings of $1.08 a share on revenue of $22.19 billion.
Net earnings were 57 cents a share.
A year ago, P&G earned $1.11 a share on revenue of $21.3 billion.Shares were slipping 0.2% to $64.69 in premarket trading Friday.
Automaker Ford (F - Get Report)
Honeywell (HON) reported fourth-quarter earnings of $1.05 a share, up 21% from the period a year earlier. Sales rose by 8% to $9.5 billion, with the help of new product launches and expansion in high growth regions. Consensus called for profit of $1.04 a share on revenue of $9.56 billion. "While we expect a more challenging macro environment ahead in 2012, primarily driven by softness in Europe impacting the short-cycle businesses, we're confident that Honeywell is well positioned to continue to outperform," said CEO Dave Cote, in a statement. Honeywell shares were up 1.7% to $58.80.
Eastman Chemical (EMN)
U.S. homebuilder D.R. Horton (DHI - Get Report) beat first-quarter profit estimates, as the housing market saw growth in the last few quarters after a collapse during the recession. D.R. Horton reported net income of 9 cents a share, or $27.7 million during the October to December period, and revenue of $885.6 million. Analysts forecast 4 cents a share on revenue of $896.9 million. Shares of the company were losing 0.9% to $14.
Starbucks' (SBUX - Get Report) outlook for fiscal 2012 came in short of the consensus view. The Seattle-based coffee seller said it expects earnings of $1.78 to $1.82 a share for the full year, slightly below analysts' expectations for profit of $1.83 a share. The company said it expects "unfavorable" commodity costs to impact results this year with the brunt of the impact coming in the first half of the year. Shares were down 1.5% to $47.60.
Juniper Networks (JNPR - Get Report) reported worse-than-expected fourth-quarter earnings and issued weak first-quarter guidance. Juniper reported fourth-quarter earnings of 28 cents a share on revenue of $1.12 billion. Wall Street analysts expected Juniper to earn 28 cents on $1.126 billion in revenue. First-quarter guidance was weaker than Wall Street analysts were anticipating, as customer spending continues to be sluggish. Juniper expects first-quarter revenue of between $960 million and $990 million and earnings of 11 cents to 14 cents a share. Wall Street analysts expected $1.1 billion in revenue and 26 cents in earnings, according to Yahoo! Finance. The stock was plunging by 9.3% to $20.30 a share.
Chevron (CVX - Get Report), the oil giant, is expected by analysts to earn $2.85 a share in the fourth quarter on revenue of $70.96 billion.
Biotech company Amgen (AMGN - Get Report) said fourth-quarter profit fell 8.5% as expenses for taxes and for producing and selling drugs rose faster than revenue. Amgen reported net income of $934 million, or $1.08 a share, down from $1.02 billion, or $1.08 a share, a year earlier. On an adjusted basis, Amgen said it earned $1.04 billion, or $1.21 a share; analysts were expecting adjusted propfit of $1.22 a share. Revenue rose 3% to $3.97 billion. Analysts expected revenue of $3.92 billion. Shares were inching higher up 1% to $68.75 Friday.
A federal judge on Thursday ruled that Transocean (RIG - Get Report)is shielded from paying out certain claims against it stemming from the massive oil spill in the Gulf of Mexico in April 2010 because of its contract with BP (BP - Get Report). Shares were surging by 6.6% to $50.36.
-- Written by Joseph Woelfel and Chao Deng
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.
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