Procter & Gamble (PG) Tops Q2 EPS by 2c; Offers Lower FY12 Guidance
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Price: $79.04 --0%
EPS Growth %: +5.3%
Financial Fact:
Earnings from discontinued operations: 0
Today's EPS Names:
ATU, CRWS, CLC, More
EPS Growth %: +5.3%
Financial Fact:
Earnings from discontinued operations: 0
Today's EPS Names:
ATU, CRWS, CLC, More
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Procter & Gamble Co. (NYSE: PG) reported Q2 EPS of $1.10, $0.02 better than the analyst estimate of $1.08. Revenue for the quarter came in at $22.1 billion versus the consensus estimate of $22.19 billion.
Sees Q3 core EPS of 91-97 cents on sales growth that will be inline with the year ago quarter to up 2 percent. The Street is currently looking for Q3 EPS of $1.06.
Net sales are expected to increase three to four percent in fiscal 2012. Organic sales are expected to increase four to five percent. Foreign exchange is expected to reduce net sales by one percent for the year. Pricing is expected to add four percent to sales while unfavorable product and geographic mix is expected to reduce sales by one to two percent. Diluted net earnings per share is expected to be in the range of $3.85 to $4.08 and Core EPS in the range of $4.00 to $4.10, up one to four percent versus a base period Core EPS of $3.95. The Company’s prior guidance range for Core EPS was $4.15 to $4.33. The change in the Core EPS range is primarily due to foreign exchange, which has negatively impacted earnings per share by $0.15 to $0.18 since the estimates established at the beginning of the fiscal year. The street is forecasting EPS of $4.17 on $86.15 billion in sales.
For earnings history and earnings-related data on Procter & Gamble Co. (PG) click here.
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Sees Q3 core EPS of 91-97 cents on sales growth that will be inline with the year ago quarter to up 2 percent. The Street is currently looking for Q3 EPS of $1.06.
Net sales are expected to increase three to four percent in fiscal 2012. Organic sales are expected to increase four to five percent. Foreign exchange is expected to reduce net sales by one percent for the year. Pricing is expected to add four percent to sales while unfavorable product and geographic mix is expected to reduce sales by one to two percent. Diluted net earnings per share is expected to be in the range of $3.85 to $4.08 and Core EPS in the range of $4.00 to $4.10, up one to four percent versus a base period Core EPS of $3.95. The Company’s prior guidance range for Core EPS was $4.15 to $4.33. The change in the Core EPS range is primarily due to foreign exchange, which has negatively impacted earnings per share by $0.15 to $0.18 since the estimates established at the beginning of the fiscal year. The street is forecasting EPS of $4.17 on $86.15 billion in sales.
For earnings history and earnings-related data on Procter & Gamble Co. (PG) click here.
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