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Provider: Thomson Reuters Stock Report
Provider: Stock Traders Daily
Provider: New Constructs, LLC
Provider: MacroRisk Analytics/EconomicInvestor

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Procter & Gamble Co updates FY 2014 guidance

Tuesday, 11 Feb 2014 04:10pm EST 

Procter & Gamble Co:Updates outlook for fiscal 2014 all-in and core EPS growth following recent policy announcements by the Venezuelan government that impact foreign exchange rates applied to various transactions as well as significant exchange rate movements in Argentina and other developing countries.Lowers guidance for all-in sales and all-in earnings growth to reflect the increased impact from foreign exchange.Confirms prior outlook for organic sales growth and currency-neutral earnings per share growth.Confirms outlook for organic sales growth of 3 pct. to 4 pct. for fiscal 2014.Expects foreign exchange to reduce sales growth by 2 pct. to 3 pct., which results in an adjusted guidance range for all-in sales growth of in-line to up 2 pct. versus the prior year.Adjusts guidance range for core earnings per share (EPS) growth to 3 pct. to 5 pct., from a previous range of 5 pct. to 7 pct., to reflect the impact of Venezuela and other foreign exchange rate changes.Expects on an all-in GAAP basis, diluted earnings per share to increase 2 pct. to 5 pct. versus the prior fiscal year.Reported revenue of $84.167 bln and EPS of $4.05 in fiscal 2013.Fiscal 2014 revenue of $85.299 bln and EPS of $4.25 - Thomson Reuters I/B/E/S. 

Company Quote

0.05 +0.05%
18 Dec 2014