Procter & Gamble posts 9% increase in earnings
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.
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