Procter & Gamble Posts Mixed Q4 Results; Q1 Forecast Misses (PG)

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Consumer products maker The Procter & Gamble Company ( PG ) on Friday posted mixed fiscal fourth quarter earnings results and offered a tepid fiscal first quarter forecast.

The Cincinnati-based company reported fiscal fourth quarter net income of $3.63 billion, or $1.24 per share, compared with $2.51 billion, or 84 cents per share, in the year-ago period. Excluding one-time gains, adjusted profit was 82 cents per share.

Sales fell 1.2% from last year to $20.21 billion.

On average, Wall Street analysts expected a smaller profit of 77 cents per share, albeit on higher revenue of $20.26 billion.

Looking ahead, P&G forecast fiscal first quarter earnings to range from 91 to 97 cents per share, on a 4% to 6% drop in revenue. Analysts are looking for a higher profit of $1.03 per share, on a 3% sales decline.

Procter & Gamble shares rose 91 cents, or +1.4%, in premarket trading Friday.

The Bottom Line
Shares of Procter & Gamble ( PG ) have a 3.08% dividend yield, based on last night's closing stock price of $63.51. The stock has technical support in the $59-$61 price area. If the shares can firm up, we see overhead resistance around the $66-$67 price levels.

The Procter & Gamble Company ( PG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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