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It will be a busy day for mega-cap earnings on Tuesday with Procter & Gamble, Verizon, and Johnson & Johnson just some of the notable companies due to release results.
Procter & Gamble Co reported a 68 percent drop in quarterly profit on Tuesday, due to the sale of a chunk of its beauty brands to Coty Inc last year and a charge related to the recent U.S. tax overhaul. The net income attributable to the company fell to $2.50 billion, or 93 cents per share, in the second quarter ended Dec. 31, compared with $7.88 billion, or $2.88 per share, a year earlier. The company said it took a net charge of $628 million for the quarter, the result of an estimated repatriation tax charge of $3.8 billion and a net deferred tax benefit of $3.2 billion.
(Reuters) - Procter & Gamble Co (PG.N) on Tuesday reported a 68 percent drop in quarterly profit, due to the sale of its beauty brands to Coty Inc (COTY.N) and a charge related to the recent U.S. tax overhaul. ...
Kimberly-Clark said it will cut about 13% of its global workforce, or at least 5,000 jobs, as the company grapples with sluggish sales of household staples, including its Huggies diapers.
Procter & Gamble Co on Tuesday reported a 68 percent drop in quarterly profit, due to the sale of its beauty brands to Coty Inc and a charge related to the recent U.S. tax overhaul. Net income attributable ...
Procter & Gamble Co. reported fiscal second-quarter net income of $2.50 billion, or 93 cents per share, down from $7.88 billion, or $2.88 per share, for the same period last year. The decline is due to ...
The Cincinnati-based company said it had profit of 93 cents per share. Earnings, adjusted for pretax expenses and restructuring costs, were $1.19 per share. The results topped Wall Street expectations. ...
U.S. stock futures turn mixed on Tuesday, after rising earlier as investors cheer the move by U.S. lawmakers to end a three-day shutdown of the federal government.
Procter & Gamble Co. delivered a message to activist investor and freshly minted board member Nelson Peltz: Things aren’t that bad.
Procter & Gamble CEO David Taylor on Monday outlined steps the company is taking to keep teens from eating Tide laundry pods for sport, a behavior he called a “dangerous trend” fueled by social media.
The activist investor and other investors will be watching to see what the packaged goods company says about organic revenue growth, R&D, bolt-on acquisitions and cash repatriation.