Company News: Procter & Gamble (PG) reported weaker than expected second fiscal quarter profits

Market news

27 January 2015

Company News: Procter & Gamble (PG) reported weaker than expected second fiscal quarter profits

Procter & Gamble (PG) earned $1.06 per share in the second fiscal quarter, missing analysts' estimate of $1.13. Revenue in the second fiscal quarter decreased 4.4% year-over-year to $20.16 billion, missing analysts' estimate of $20.57 billion.

The company released its forecasts for fiscal year 2015. EPS is expected to be $4.09 (analysts' estimate: $4.17), while revenue is expected to be $77.29-$78.09 billion in fiscal year 2015 (analysts' estimate: $79.04 billion).

Procter & Gamble (PG) shares fell to $87.75 (-2.04%) prior to the opening bell.

U.S.: Durable Goods Orders , December -3.4% (forecast +0.5%)

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