-
P&G on track in second quarter
Procter & Gamble said second-quarter results were in line with company expectations, and projected solid growth for the second half of the fiscal year.
Second-quarter net totaled $22.3 billion, unchanged from the year-ago period. Organic sales grew 3%.
Diluted net earnings per share were $1.18, a decrease of 15% versus a base period that included a 21 cents per share holding gain resulting from P&G’s purchase of the balance of its baby care and feminine care joint venture in Iberia.