Procter & Gamble's Report Shines
We recommended Procter & Gamble (PG) a number of times last year, and more recently at the start of this January, as a solid, dividend-paying stock that also had good upside potential. Part of our buy thesis was based on a belief that Procter's disappointing results and management missteps in 2011 and 2012 would force its board and management to do better in operating the company for shareholders.
Procter & Gamble just reported better-than-expected revenue of $22.1 billion, compared with an expected $21.9 billion. Earnings per share had an even bigger beat, coming in at $1.22, compared with $1.11 consensus expectation....373 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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