Close

Procter & Gamble Co. (PG) Tops Q4 EPS by 4c

August 1, 2014 7:01 AM EDT

Procter & Gamble Co. (NYSE: PG) reported Q4 EPS of $0.95, $0.04 better than the analyst estimate of $0.91. Revenue for the quarter came in at $20.16 billion versus the consensus estimate of $20.48 billion.

“P&G delivered top and bottom line commitments for the fiscal year,” said Chairman, President, and Chief Executive Officer A.G. Lafley. “We met our objectives in a very difficult operating environment, delivered strong constant currency earnings growth, and built on our strong track record of cash returns to shareholders. Still, we have more work to do to deliver the profitable sales growth and strong cash productivity we are capable of delivering. We will discuss our going-forward strategy and plans to further strengthen our results during our earnings call this morning.”

Fiscal Year 2015 Guidance

P&G expects organic sales growth in the low-to-mid single digit range in fiscal year 2015. Net sales growth is expected to be in the low single digit range, including a negative one point impact from foreign exchange.

Core earnings per share are forecast to grow in the range of mid-single digits for the fiscal year. All-in GAAP diluted net earnings per share are also expected to grow in the range of mid-single digits, including approximately $0.20 per share of non-core restructuring charges.

P&G noted that the quarterly profile of earnings will be heavily influenced by the variation of foreign exchange impacts from period-to-period. The Company expects the most significant negative impact from foreign exchange in the July-September 2014 quarter. At current spot rates, P&G expects foreign exchange to be roughly neutral to earnings growth in the second half of fiscal year 2015.

For earnings history and earnings-related data on Procter & Gamble Co. (PG) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Hot Earnings, Management Comments

Related Entities

Earnings