Original title: “US Stock Performance” P&G's profit and sales for the last fiscal quarter beat expectations, and the performance outlook also beat expectations Source: Asdaq Financial Network

A component of the US stock Dow, US personal care products giant Procter & Gamble (PG.US) announced results for the fourth fiscal quarter ending at the end of June. Net profit for the quarter was 2.8 billion US dollars, compared to the previous year's loss of 5.241 billion US dollars. This is mainly due to the recorded impairment of 8.345 billion US dollars for the same period last year. Quarterly diluted net profit of $1.07 per share was $1.16 after adjustment, higher than market expectations of $1.01. The quarterly dividend was 79.07 US cents per share. Quarterly net sales were US$17.698 billion, up 4% year-on-year, exceeding market expectations.

The company expects adjusted net profit of $5.27 to $5.48 per share for the current fiscal year, higher than the market forecast of $5.23. Sales are expected to rise 1% to 3% year over year, and market expectations are up 1.9%.

P&G's stock price rose 2.4% to $131.42 yesterday (30th). (fc/t) ~