Procter & Gamble Co. (NYSE:PG), the world’s largest consumer products manufacturer, will report its fourth quarter earnings on Tuesday.
Results for the company has improved during the first two quarters of Procter & Gamble’s fiscal year and investors in the stock hope that the trend will have continued during the company’s third fiscal quarter which ended on June 30th. The company has benefited by cutting costs and developing cheaper versions of its top brands as well developing promotional products which have helped boost sales.
The consensus estimate among analysts is that the firm will earn $0.73 per share based on $19.1 billion in revenue for the quarter.
The Procter & Gamble Company (P&G) is focused on providing branded consumer packaged goods. The Company’s products are sold in over 180 countries worldwide primarily through mass merchandisers, grocery stores, membership club stores, drug stores and in high-frequency stores, the neighborhood stores, which serve consumers in developing markets. As of June 30, 2009, the Company was organized into three Global Business Units: Beauty; Health and Well-Being, and Household Care. The Company had six business segments under United States Generally Accepted Accounting Principles (GAAP): Beauty; Grooming; Health Care; Snacks and Pet Care; Fabric Care and Home Care, and Baby Care and Family Care. In August 2009, AnimalScan, LLC announced that it has acquired Iams Pet Imaging, LLC from The Procter & Gamble Company and ProScan Imaging. In July 2010, Sara Lee Corporation completed the sale of its air care business to The Procter & Gamble Company.
Shares of Procter & Gamble Co. (NYSE:PG) traded down 0.83% on Friday ending at $61.16 for the week. The stock’s 52 week range is $39.37 to $64.58 and has a market cap of $176.1 billion.
