“Procter & Gamble Co. (PG), the consumer products company targeted by activist investor Bill Ackman, reported fourth-quarter profit that beat analysts’ estimates, helped by price increases.
Net income in the period ended June 30 rose 45 percent to $3.63 billion, or $1.24 a share, from $2.51 billion, or 84 cents, a year earlier, Cincinnati-based P&G said today in a statement. Profit excluding some items totaled 82 cents a share. Analysts projected 77 cents, the average of 21estimates compiled by Bloomberg.”
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