Procter & Gamble Posts $4.73B Q1 Profit as Revenue Rises 4% to $23.28B

Procter & Gamble Co. (PG) reported first-quarter GAAP net income of $4.731 billion, or $1.97 per share, essentially flat against $4.750 billion, or $1.95 per share, a year earlier, as revenue climbed 4.0% to $23.276 billion from $22.386 billion. Excluding items, adjusted earnings came in at $4.808 billion, or $2.00 per share. The consumer goods maker guided full-year core EPS to a range of $6.89 to $7.11 and projected full-year revenue growth of 2% to 4%.