Published October 25, 2012
Procter & Gamble Co posted a quarterly profit and maintained its key earnings forecast for the year as the world's largest household products maker cut costs and narrowed its focus on key markets, products and countries.
P&G, which came under added pressure after activist investor William Ackman bought its shares this summer, earned $1.06 per share in the fiscal first quarter on a "core" basis, which excludes charges, up from $1.01 per share a year earlier.
On a net basis, earnings fell to 96 cents per share from $1.01 per share, it said on Thursday.
(Reporting by Jessica Wohl in Chicago; Editing by Jeffrey Benkoe)