Procter & Gamble 4Q profit jumps 33 percent

Wed 6 Aug 2008
CINCINNATI - Procter & Gamble says its fourth-quarter profit soared 33 percent, helped by tax benefits and a lower tax rate.

The Cincinnati-based company says profit rose to $3.02 billion, or 92 cents per share, from $2.27 billion, or 67 cents per share. Excluding tax benefits, Procter & Gamble Co. earned 80 cents per share.

Thomson Financial says analysts expected 78 cents per share.

The consumer products company says revenue jumped to $21.27 billion from $19.27 billion. Analysts predicted $21.05 billion.

For the first quarter, the company expects earnings of 98 cents to $1 per share. Analysts expect $1 per share.

The company expects 2009 adjusted profit of $3.80 to $3.87 per share. Analysts see $3.50 per share.

Source: http://news.yahoo.com/s/ap/20080805/ap_on_bi_ge/earns_procter___gamble;
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