NEW YORK (TheStreet) -- Shares of The Procter & Gamble Co  (PG - Get Report) were down 1.4% to $79.50 in pre-market trading Thursday, after the world's largest consumer-products company released its latest quarterly earnings results earlier this morning.

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says, "PG's organic growth is truly dreary, and while I know Unilever (UL... had the benefit of the strong dollar, it's still disappointing. "

Cramer thinks that even with currency effects, growth was weak compared to London-based personal products company Unilever.  

P&G reported fiscal fourth-quarter earnings of $1 per share on revenue of $17.79 billion.

Wall Street was expecting a profit of 95 cents a share on revenue of $17.98 billion, according to analysts polled by Thomson Reuters.

Procter & Gamble reported its sixth consecutive decline in quarterly sales, due to the stronger dollar stripping the value of overseas sales, according to Reuters.

In the same period of last year, P&G earned 89 cents a share on revenue of $20.16 billion.

Earlier this month, the company agreed to sell 43 of its beauty brands to Coty Inc. (COTY for $12.5 billion.

Cincinnati, Ohio-based P&G is a consumer packaged goods company with its products sold in more than 180 countries.

The company's customers include mass merchandisers, grocery stores, membership club stores, drug stores, department stores, salons, distributors, e-commerce and stores.

Separately, TheStreet Ratings team rates PROCTER & GAMBLE CO as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate PROCTER & GAMBLE CO (PG) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its expanding profit margins, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel its strengths outweigh the fact that the company has had sub par growth in net income."

You can view the full analysis from the report here: PG Ratings Report

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