P&G beats Street estimates

Investor's Business Daily

The consumer products giant said Q4 EPS fell 4% vs. a year ago to 79 cents, beating analyst estimates by 2 cents. Revenue edged up to $20.66 bil, topping views for $20.55 bil. A.G. Lafley, who returned as CEO in late April, vowed on a post-earnings conference call with analysts to make Procter & Gamble leaner and more focused. Its beauty segment volume rose 4%, personal grooming was flat and health products rose 5%. Shares rose 1.7% to 81.64.

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