NEW YORK (TheStreet) -- The Procter & Gamble Co. (PG) shares are down -1.0% to $80.45 in pre-market trading on Tuesday following the release of the company's fiscal third quarter earnings results.
The drop comes after the consumer goods manufacturer missed revenue estimates and lowered its adjusted earnings guidance for 2014.
P&G had expected earnings to grow 5%-7% this year but readjusted that assessment to 3%-5% growth.
Revenue fell -0.2% to $20.56 billion from $20.6 billion in the year ago period, missing analyst consensus estimates of $20.68 billion.
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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 revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: