Procter & Gamble Co. (PG) announced a profit for its third quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $3.36 billion, or $1.33 per share. This compares with $3.27 billion, or $1.26 per share, in last year's third quarter.
Analysts on average had expected the company to earn $1.29 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 7.0% to $19.38 billion from $18.11 billion last year.
Procter & Gamble Co. earnings at a glance (GAAP) :
-Earnings (Q3): $3.36 Bln. vs. $3.27 Bln. last year.
-EPS (Q3): $1.33 vs. $1.26 last year.
-Analyst Estimate: $1.29
-Revenue (Q3): $19.38 Bln vs. $18.11 Bln last year.
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