P&G profit jumps 19 percent;stock buyback accelerated

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August 04, 2007
Source
Cincinnati Post
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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  • Procter and gamble

    Procter and Gamble is a multinational manufacturer of product ranges including personal care, household cleaning, laundry detergents and others. For many years it was the manufacturer and marketer of the stackable potato chips brand Pringles, which was subsequently sold to the Kellogg Company.

  • Pringles

    Pringles is a brand of potato and wheat-based stackable snack chips, owned by the Kellogg Company.

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