NEW YORK (TheStreet) -- Shares of The Procter & Gamble Co. (PG) are higher by 3.74% to $80.21 in early morning trading on Friday, after the company reported a 5% increase in core earnings per share to $4.22 for the 2014 fiscal year, over the 2013 fiscal year.
For the 2014 fourth quarter, the consumer packaged goods provider said net earnings increased to $2.58 billion, or 89 cents per share, compared to $1.88 billion, or 64 cents per share for the 2013 fourth quarter.
However, the company said net sales were down by 1% for the most recent quarter to $20.2 billion versus $20.3 billion for the year ago quarter.
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Separately, TheStreet Ratings team rates PROCTER & GAMBLE CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate PROCTER & GAMBLE CO (PG) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its increase in net income, good cash flow from operations, growth in earnings per share, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself." PG data by YCharts
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