P&G: Fiscal Q1 Earnings Snapshot

CINCINNATI (AP) — CINCINNATI (AP) — Procter & Gamble Co. (PG) on Thursday reported fiscal first-quarter net income of $4.73 billion. On a per-share basis, the Cincinnati-based company said it had profit of $1.97. Earnings, adjusted for restructuring costs, came to $2 per share. The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share. The world's largest consumer products maker posted revenue of $23.28 billion in the period, also surpassing Street forecasts. Nine analysts surveyed by Zacks expected $22.71 billion. P&G expects full-year earnings in the range of $6.89 to $7.11 per share.