Procter & Gamble posts 9% increase in earnings

Published: Thursday, Oct. 30, 2008 12:58 a.m. MDT
 |  E-MAIL | PRINT | FONT + - 
CINCINNATI — Strong growth in emerging markets, raising prices and offering consumers more options of popular items helped Procter & Gamble Co. post a nearly 9 percent increase in its fiscal first quarter, the consumer products maker said Wednesday.

But P&G dropped the low end of its earnings guidance for the full fiscal year, facing slower sales amid volatility in commodity and energy markets and in foreign exchange. The company is building a plant in Box Elder County that will manufacture Procter & Gamble paper products and initially employ 300 people.

The maker of household products such as Tide detergent, Pampers diapers and Olay skin care said net income rose to more than $3.3 billion, or $1.03 per share, from $3.1 billion, or 92 cents a share, a year earlier.

Comments

You can be the first to comment on this story.

previousnext

Latest comments

Utah has had more undefeated seasons in the last 5 years than byu has had in...

BYU football gets verbal from Massachusetts corner

The support you offer for your arguments is not very compelling. I will...

I 100% fully support Sarah. She is a breath of fresh air. She understands one...

you are all nuts!

Thank you for a wonderful article. It makes me feel better about not...

I guess KM thinks we've all forgotten just how we arrived in Iraq to begin...

The free market does such a great job of contaminating America's food supply....

Why get married, I'm told gays getting married will ruin it? Why enter into...

the MLE pretty much establishes the market. It is unlikely that Millsap, Lee...

McCain supporters are part of the vast liberal conspiracy against this poor...

Advertisements
Advertisement