CLSA Downgrades Procter & Gamble (PG) to Underperform
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P&G Third Quarter Core EPS $0.92, Constant-Currency Core EPS up 10%; Organic Sales (Which Excludes 8% Foreign Exchange Impact) up 1%; Company Continues to Accelerate & Exceed Productivity Savi
April 23, 2015 6:55 AM EDTCINCINNATI--(BUSINESS WIRE)-- The Procter & Gamble Company (NYSE: PG) reported third quarter fiscal year 2015 core earnings per share of $0.92. On a currency-neutral basis, core earnings per share increased ten percent for the quarter. Diluted net earnings, which include all restructuring charges and impacts from discontinued operations, were $0.75 per share. Net sales were $18.1 billion, a decrease of eight percent versus the prior year period, including a negative eight percentage point impact from foreign exchange and a negative one percentage point impact from minor brand divestitures. Organic sales grew one percent.
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