Procter & Gamble (PG) Tops Q2 EPS by 2c

Procter & Gamble (NYSE: PG) reported Q2 core EPS of $1.08, $0.02 better than the analyst estimate of $1.06. Revenue for the quarter came was unchanged at $16.9 billion versus the consensus estimate of $16.79 billion. Organic sales rose 2%.

"We delivered good results in the second quarter in a difficult operating environment," said Chairman, President and Chief Executive Officer David Taylor. "Stronger top-line performance in the first half of the fiscal year is enabling us to increase our organic sales growth outlook for the full year - another step towards the levels of balanced top-line, bottom-line, and cash flow growth that will consistently put P&G shareholder value creation among the best in our industry."

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