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Wednesday, April 7, 2010 as of 11:14 AM ET

Bob McDonald

Robert MacDonald

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P&G Cuts FY12 EPS View As Sales Slow In Developed Markets

Procter & Gamble Co.

(PG) cut its outlook for the fiscal year on a recent slip in demand in developed markets and the need to backtrack on price increases in a half-dozen business lines, mostly in the U.S.Price controls in Venezuela, which required price cuts of up to 25% on certain P&G products, also will weigh on results in what is currently a billion-dollar market for the company.For the year ahead, the company lowered its full-year profit target to $3.82 to $3.88 a share. It had previously forecast earnings of $3.93 to $4.03 a share.The lowered view, with fiscal 2012 per-share earnings seen flat to down 1%, once again disappointed investors, sending shares down 3.3% in recent trading to $64.69. It came after P&G reported a 16% drop in third-quarter earnings, when the company continued to deal with high commodity costs and took charges related to restructuring plans.The outlook also raised questions as to whether P&G can capably confront such challenges and fend off competitors whil...

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  1. Restructuring questions loom for P&G executives

    By Jessica WohlCHICAGO (Reuters) - Top Procter & Gamble Co <PG.N> executives can expect to be peppered with questions about an impending restructuring when they spea...

  2. Procter & Gamble Quarterly Profit Rises

    Procter & Gamble (NYSE:PG) beat the Street with a 15% jump in fiscal fourth-quarter profits, but the maker of Crest toothpaste and Duracell batteries revealed a tepi...

  3. Exclusive: Pampers Cruisers tweaked again after 2010 overhaul

    By Jessica WohlCHICAGO (Reuters) - Procter & Gamble is changing how it makes its Pampers Cruisers and removing the words "Dry Max" from the package, a year after a h...

  4. P&G 2Q Profit Down 28%; Commodity Costs Seen As Headwind

    NEW YORK -(Dow Jones)- Higher commodity costs will dent Procter & Gamble Co. (PG) earnings by $1 billion in current fiscal year, double what it expected earlier.P&G'...

  5. P&G 2Q Profit Down 28% On Prior-Year Gain; Sales Rise

    NEW YORK -(Dow Jones)- Procter & Gamble Co.'s (PG) fiscal second-quarter sales and volume grew on strong demand from developing regions, while margins were hurt by h...

  6. P&G , Big U.S. Firms Seek Lower Corporate Rate

    The top executive of Procter & Gamble (NYSE:PG) will take corporate America's case for a lower tax rate to U.S. lawmakers on Thursday, and also call for an end to ta...

  7. P&G CEO: U.S. in Trouble

    FBN’s Adam Shapiro on Procter and Gamble CEO Bob McDonald ’s concerns about the Obama Administration.

  8. U.S. Needs Broad Tax Breaks

    Hudson Institute Senior Fellow Diana Furchtgott-Roth argues there should be a broad payroll tax cut for every company divided between workers and employers.

  9. A Weak $ Does Not Create Jobs

    Unemployment hits 10.2%, the highest in more than 26 years.Job losses are now approaching a two-year stretch of back-to-back quarterly losses.So are government offic...

  10. A Weak $ Does Not Create Jobs

    November 06, 2009 2:20 PM A Weak $ Does Not Create Jobsby Elizabeth MacDonaldSelect rating Poor Okay Good Great Awesome No votes yetComments »Unemployment hits 10.2%...

  11. A Weak $ Does Not Create Jobs « Emac's Stock Watch

    November 6, 2009 02:20 PM UTC by Elizabeth MacDonaldA Weak $ Does Not Create JobsUnemployment hits 10.2%, the highest in more than 26 years.Job losses are now approa...

  1. P&G Posts Mixed 3Q Results, Lowers Outlook

    Consumer products giant Procter & Gamble (NYSE:PG) disclosed a 16% slump in fiscal third-quarter profits on Friday and downgraded its full-year earnings guidance bel...

  2. P&G Sees $10 Billion In Cost Cuts Over Next Four Years

    Procter & Gamble Co. (PG) identified $10 billion in costs it can cut from its global operations over the next four years by reducing overhead, taking costs out of it...

  3. Kellogg to Buy Pringles Business from P&G

    Kellogg (NYSE:K) snatched Procter & Gamble’s (NYSE:PG) Pringles division in a $2.7 billion deal on Wednesday after a planned sale to Diamond Foods (NASDAQ:DMND) was ...

  4. P&G to Lay Off 1,600 Workers

    FBN's Adam Shapiro with news that Proctor & Gamble is laying off 1,600 workers, mostly from its marketing division, to shift advertising online, plus a market update.

  5. P&G Sees Better Profits, But View Cut On Forex Hit

    Procter & Gamble Co. (PG) expects profits to improve in the coming months as commodity cost comparisons start to ease and higher prices lift sales, but earnings for ...

  6. P&G Quarterly Profit Tops Street, Revenue Misses

    Procter & Gamble (NYSE:PG) said its second-quarter profit fell 49% and sales missed Wall Street expectations, as rising commodity costs and other charges wiped away ...

  7. P&G 1st-quarter Net Off 1.9%, Sales Up 8.9%

    Procter & Gamble (NYSE:PG) revealed on Thursday its profits shrank by an in-line 2% last quarter and the company issued a tepid forecast for the current quarter.The ...

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