Procter & Gamble’s Q4 Profit, Revenue Miss View (PG)

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Consumer products giant The Procter & Gamble Company ( PG ) on Tuesday said its fourth quarter profit fell 12% from last year, despite a rise in sales, as marketing costs rose.

The Cincinnati-based company reported a fiscal fourth quarter profit of $2.2 billion, or 71 cents per share, compared with $2.5 billion, or 80 cents per share, in the year-ago period. Revenue rose 5% from last year, to $18.9 billion.

On average, Wall Street analysts expected a larger profit of 73 cents per share, on higher revenue of $19.1 billion.

Looking ahead, the company predicted current-year profit to rise 4% to 6%, with net sales rising 2% to 4%. It said full-year earnings would range between $3.91 and $4.01 per share. Analysts currently expect a full-year profit of $3.98 per share.

For the current first fiscal P&G predicted revenue growth of 1% to 3%, or 3% to 5% on an adjusted basis, with profit of 97 cents to $1.01 per share. Analysts currently expect a higher $1.04 per share for the first quarter.

Procter & Gamble shares fell $2.16, or -3.5%, in premarket trading Tuesday.

The Bottom Line
We have been recommending shares of PG since Sept.1, 2009, when the stock was trading at $54.11. The company has a 3.11% dividend yield, based on last night's closing stock price of $62.06.

The Procter & Gamble Company ( PG ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.5 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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