An image of glasses on top of newspaper
Markets

Procter & Gamble’s Q4 Profit Rises 15%, Beating View (PG)

Consumer products maker The Procter & Gamble Company ( PG ) on Friday posted a 15% gain in fiscal fourth quarter profit, beating analyst estimates, although its 2012 forecast fell short of expectations.

The Cincinnati-based company reported fiscal fourth quarter net income of $2.51 billion, or 84 cents per share, compared with $2.19 billion, or 71 cents per share, in the year-ago period.

Revenue rose 10% from last year to $20.86 billion.

On average, Wall Street analysts expected a smaller profit of 82 cents per share on lower revenue of $20.57 billion.

Looking ahead, the company forecast full-year fiscal 2012 earnings to range from $4.17 to $4.33 per share, which would miss analyst estimates of $4.45 per share.

Procter & Gamble shares rose 45 cents, or +0.8%, in premarket trading Friday.

The Bottom Line

We have been recommending shares of Procter & Gamble ( PG ) since Sept.1, 2009, when the stock was trading at $54.11. The company has a 3.52% dividend yield, based on last night's closing stock price of $59.58.

The Procter & Gamble Company ( PG ) is a "Recommended" dividend stock, holding a Dividend.com DARS™ Rating of 3.7 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 Nasdaq, Inc.

Created by Dividend.com


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

In This Story

PG

Other Topics

Stocks

Latest Markets Videos