Tuesday, January 23, 2018

Procter & Gamble Q2 Results Beats View; Lifts FY18 Core Earnings Growth Outlook

Consumer goods giant Procter & Gamble Co. on Tuesday reported a 68 percent fall in profit for the second quarter from last year as an increase in sales was more than offset by a tax charge related to the U.S. tax reform in the latest quarter and a divestiture gain in the year-ago period. However, both revenue and core earnings per share for the quarter beat analysts' estimates.

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