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Sales decline on forex woes.
April 26, 2017
By: TOM BRANNA
Editor
Bummer! The Procter & Gamble Company reported fiscal 2017 third quarter results and analysts were disappointed with the 1% decline in net sales to $15.6 billion. Yet, the company pointed out that organic sales increased 1% and organic sales increased in four of five business segments. Diluted net earnings per share were $0.93, a decrease of 4% versus the prior year while core earnings per share increased 12% to $0.96. Currency-neutral core EPS increased 15% versus the prior year. “The...
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