Monday, January 23, 2017

Procter''s profit soars Gamble $ & 7.8 billion in 4th tri

New York-Procter Gamble announced & a net profit of $7.88 billion in the fourth quarter, or $2.88 per share, compared with $3.21 billion (US $1.12 per share) recorded in the same period in 2015.
The adjusted profit stood at $1.08 per share, slightly above the expectations of market analysts. Revenues fell back to $16.92 billion to US $16.86 billion in the period.
The result happens after the company to dispose of part of its business related to beauty products, as the brands Wella, Clairol and CoverGirl.
At 11:06 (), P&G shares were advancing 2.60% in pre-market on New York.
Exame - 20/01/2017
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