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Procter & Gamble Scrubs Up Sparkling Earnings

 

Earnings Scorecard
Actual Estimated* Year-Ago
$0.93 $0.92 $0.88

Crest and Clearasil maker Procter & Gamble(PG Quote) posted second-quarter earnings this morning that beat analysts' expectations by a penny, but sales for the quarter were flat amid a dip in worldwide sales.

Cincinnati-based P&G said second-quarter earnings, excluding charges, were $1.31 billion, or 93 cents a share, compared with $1.26 billion, or 88 cents a share, in the same period last year. The 13 analysts polled by earnings tracker First Call/Thomson Financial expected second-quarter earnings of 92 cents a share.

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