UBS Raises Price Target on Procter & Gamble (PG) Following 3c EPS Beat
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P&G Delivers Double-Digit Currency-Neutral Core Earnings Per Share Growth in First Quarter Fiscal 2016; First Quarter Core EPS $0.98, Currency-Neutral Core EPS +12%; Core Operating Profit Margin u
October 23, 2015 7:00 AM EDTCINCINNATI--(BUSINESS WIRE)-- The Procter & Gamble Company (NYSE: PG) reported first quarter fiscal year 2016 currency-neutral Core earnings per share growth of 12% versus the prior year. Core earnings per share were $0.98, a decrease of one percent. Diluted net earnings per share were $0.91, an increase of 32%. Net sales were $16.5 billion, a decrease of 12% versus the prior year due primarily to significant foreign exchange impacts. Organic sales decreased one percent. Core operating profit margin increased 270 basis points with improvement in gross margin and SG&A costs.
Operating cash flow was $3.5 billion for the quarter. Adjusted free... More
Premier Gold Mines May Have a Perfect Storm of Gold Prospects Brewing in Nevada
October 22, 2015 9:46 AM EDTLOS ANGELES, Oct. 22, 2015 /PRNewswire/ - Usually, when someone heads to Nevada with hopes of striking gold, they're about to be sorely disappointed by the cold, hard mathematics behind the casino industry. However, for those doing so in the context of the mining industry, their prospects are frequently in a much better place. Nevada has long been a state familiar with gold mining, producing nearly 80% of the United States' gold and producing nearly $230 billion in gold since 1835.
