Procter & Gamble Q1 Profit Falls Slightly; Results Match Estimates (PG)

Share |

Consumer products maker The Procter & Gamble Company ( PG ) on Thursday posted a small decline in fiscal first quarter profits despite higher revenue, as results were in-line with analyst expectations.

The Cincinnati-based company reported fiscal first quarter net income of $3.024 billion, or $1.03 per share, compared with $3.081 billion, or $1.02 per share, in the year-ago period.

Net sales rose 9% from last year to $21.92 billion.

On average, Wall Street analysts expected a matching profit of $1.03 per share, on lower revenue of $21.55 billion.

Looking ahead, P&G predicted earnings of $1.05 to $1.11 for its fiscal second quarter, which would miss analyst estimates of $1.16 per share.

For the full year, the company backed its prior forecast for profits of $4.17 to $4.33 per share, while analysts expect $4.21 per share for the year.

Procter & Gamble shares posted modest gains in premarket trading Thursday.

The Bottom Line
Shares of Procter & Gamble ( PG ) have a 3.23% dividend yield, based on last night's closing stock price of $64.95. The stock has technical support the $60-$62 price area. If the shares can firm up, we see overhead resistance around the $67-$68 price levels.

The Procter & Gamble Company ( PG ) is not recommended at this time, holding a 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.

Created by

This article appears in: Investing , Stocks

Referenced Stocks: PG

More from

Related Videos

What to Wear to a Wedding
What to Wear to a Wedding           
4th of July Outfits
4th of July Outfits                 




Most Active by Volume

  • $17.03 ▼ 1.10%
  • $30.555 ▲ 1.24%
  • $126.44 ▼ 0.13%
  • $40.59 ▼ 6.26%
  • $19.07 ▲ 1.54%
  • $26.78 ▲ 0.45%
  • $5.85 ▲ 1.56%
  • $8.83 ▲ 2.08%
As of 7/2/2015, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by