P&G profit jumps 19 percent;stock buyback accelerated

Agosto 04, 2007

Fuente

Procter &Gamble Co., boosted by strong sales of new Gillette shavers and by new products in longtime brands such as Tide and Crest, reported profits for its fourth quarter and the full year each rose 19 percent.

P&G also announced plans to step up its stock buyback. But after topping Wall Street expectations for the quarter, the company issued guidance for the current quarter and year a little below analysts' expectations.

P&G shares fell 42 cents to $62.88 Friday.

P&G is the manufacturer of Pringles.

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