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April 28, 2002
By: TOM BRANNA
Editor
Boosted by gains in diapers and paper products, Procter & Gamble met Wall Street’s third-quarter earnings target with a 23 percent jump in profit Monday. P&G said it earned $1.27 billion, up from $1.04 billion in the year-ago period.Revenue was $10.66 billion, up 8%, and ahead of the forecast of $10.47 billion. Procter & Gamble forecasted fourth-quarter volume growth of 5-7% and net sales growth excluding foreign exchange of 4-5%.Core earnings are forecasted to increase by 1...
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