At press time, the stock was down more than 6% to $159.5
The Zhitong Finance App learned that on Tuesday, the stock price of Procter & Gamble (PG.US) fell. As of press release, the stock had fallen more than 6% to $159.5. The company's net sales for the fourth quarter reached 20.53 billion US dollars, slightly lower than the market estimate of 20.74 billion US dollars, and core earnings per share reached 1.40 US dollars, exceeding market expectations of 1.37 US dollars.
Compared with the same period last year, P&G's net profit fell from $3.38 billion to $3.14 billion, and earnings per share also fell from $1.37 to $1.27. The increase in gross margin mentioned in the financial report is due to lower commodity costs and higher product prices. For the quarter ending June 30, P&G organic sales increased 2%, the lowest increase in six years and lower than analysts' average estimate of 3.4%.