P&G: Fiscal 3Q Earnings Snapshot

P&G: Fiscal 3Q Earnings Snapshot

Associated Press

CINCINNATI (AP) -- Procter & Gamble Co. on Tuesday reported fiscal third quarter net income of $2.75 billion.

On a per-share basis, the Cincinnati company said it had profit of $1.04. Earnings, adjusted for restructuring costs, were $1.06 per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The world's largest consumer products maker posted revenue of $16.46 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $16.41 billion.

P&G shares have increased 15% since the beginning of the year, while the Standard & Poor's 500 index has risen 16%. The stock has increased 42% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PG at https://www.zacks.com/ap/PG