NEW YORK (TheStreet) -- Procter & Gamble (PG) revised its third quarter net sales to $20.178 billion, down from its previously reported $20.559 billion figure.
The lowered figures reflect changes tied to the company's exit from producing pet care products.
Shares are up slightly in after-hours trading after being down slightly during day trading.
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 good cash flow from operations, growth in earnings per share, increase in net income, 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 somewhat disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows: