Breaking News

P&G Lifts Second

January 10, 2006

P&G Lifts Second
Quarter Expectations
l Consumer products company Procter & 
Gamble Co. raised its profit expectations for its fiscal second quarter, saying it sees earnings coming in at the higher end of its previous outlook because of better sales and lower-than-anticipated costs for its acquisition of Gillette Co.
The maker of Pampers and Pantene said it now expects earnings of 68 cents to 69 cents per share for the quarter ending in December. The outlook is toward the top end of P&G’s previously forecast for a profit of 66 cents to 69 cents per share.
Procter & Gamble traced the change to lower-than-expected costs in the quarter from its October acquisition of Gillette, which it now believes will cut second-quarter earnings by eight cents to 10 cents per share. The company previously expected dilution of nine cents to 12 cents per share from the deal.
blog comments powered by Disqus
  • Kitchen Counter Cosmetics

    Kitchen Counter Cosmetics

    Christine Esposito, Associate Editor||May 2, 2016
    LOLI box marks the convergence of natural and organic ingredients, subscription service and DIY cosmetic chemistry.

  • What’s New at La Prairie?

    What’s New at La Prairie?

    Melissa Meisel, Associate Editor||April 25, 2016
    VP of marketing shares the latest buzz with Happi.

  • Mapping Out Multicultural Beauty

    Mapping Out Multicultural Beauty

    April 25, 2016
    Agnieszka Saintemarie of Kline Group about current trends and challenges in multicultural beauty.

  • Erasing the Signs of Aging

    Pauline Rouaud-Tinguely, David Boudier, Sylvain Mazalrey, Jenny Laumonier, Isabelle Cruz, Gu00e9raldine Bon, Karine Perrinet, Bu00e9ranger Tassy, Brigitte Closs, Silab R&D, Saint-Viance, France||May 2, 2016
    Silab researchers explain how by acting on the endogenous hyaluronic acid pathway.

  • I Want It All

    I Want It All

    Melissa Meisel , Associate Editor||May 2, 2016
    Skin care moves beyond the basics with pampering formulations with unique components and novel functions.

  • Wacker Builds on Its Success

    Wacker Builds on Its Success

    Tom Branna, Editorial Director ||May 2, 2016
    The silicone maker had a good 2015 and expects the gains to continue in 2016, driven, in part, by success in the Americas and