P&amp;G Profit Up, Industry Issues Sink Stock
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Procter &amp; Gamble Co. (PG) on Wednesday said quarterly profit rose 14 percent on strong sales in all regions, but shares fell because of industry issues and margin concerns.
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Procter & Gamble Co.  posted a 36  percent jump in fiscal fourth quarter profit on Wednesday, as  sales of Tide laundry detergent and other products overshadowed  inventory concerns at Gillette.
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Goldman Sachs Group Inc. GS.N and  Lehman Brothers Holdings Inc. LEH.N on Tuesday posted  higher-than-expected quarterly profits, fueled by surprising  strength in bond trading and investment banking growth.
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Brokerage firm A.G. Edwards Inc.  AGE.N on Thursday said quarterly earnings rose 8 percent as  expenses declined, but sluggish equity markets caused profit  and revenue to fall short of analysts' forecasts.
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Goldman Sachs Group Inc. on Tuesday   said third-quarter profit fell less than expected as strong   investment banking results offset a summer slump in trading,   sending its shares higher.
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Procter & Gamble Co.  and its  smaller rival Colgate-Palmolive Co.  posted slightly  better-than-expected quarterly profits on Tuesday and signaled  that their businesses look good for the rest of 2007, but the  results failed to excite Wall Street, and their shares slipped  in morning trading.
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Stocks rose modestly yesterday as investors looked past a mix of economic data and falling profit forecasts from Google and Applied Materials.
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Household and personal care products leader Procter & Gamble Co  and smaller rival Colgate-Palmolive Co  both posted double-digit quarterly profit increases on Tuesday, but P&G's shares fell as its full-year outlook disappointed analysts.
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Profits got a boost despite sluggish sales from the challenging environment.
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Procter & Gamble Co  on Tuesday  posted a 14 percent increase in quarterly profit, helped by  sales of Gillette razors, Charmin toilet paper and Pampers  diapers, the weaker dollar and cost-cutting measures.
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Although Procter & Gamble and Colgate-Palmolive posted big jumps in quarterly profits, only P.& G. issued a cautious outlook in the face of rising commodity costs.
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CINCINNATI -- Procter &amp; Gamble Co. said net income rose 14 percent in the first quarter on solid sales growth in all the company&#39;s markets.
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The company said quarterly profit rose to $494 million despite a slowing U.S. economy, but it lowered its full-year earnings outlook.
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U.S. stocks rose on Monday after a report showing manufacturing was still expanding lifted shares of many large industrial companies, including General Electric Co. , and a big drop in oil prices added to buying momentum.
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Brokerage firm A.G. Edwards Inc.  on Thursday said quarterly earnings rose 8 percent as expenses declined, but sluggish equity markets caused profit and revenue to fall short of analysts' forecasts.
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The food maker General Mills reported a slightly higher profit in its latest quarter on Wednesday, as stronger sales offset rising costs for ingredients and price increases did not faze consumers.
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Procter & Gamble Co. PG.N on  Wednesday said quarterly profit rose 14 percent, boosted by  strong sales and a gain from the recent sale of its juice  business.