Procter & Gamble: tightens up EPS target range
(CercleFinance.com) - Procter & Gamble has raised its adjusted EPS target range for 2017-18, now expecting growth of between 6% and 8% (against 5%-8% previously), for expected organic sales growth towards the bottom of its target range of 2% to 3%.
In its third accounting quarter, the consumer goods giant saw its adjusted EPS increase by 4% to exactly one dollar, for revenues of 16.3 billion dollars, up 4% as reported and up 1% in organic terms.
In addition, Procter & Gamble has announced an agreement with Merck KGaA to buy back its consumer health business for approximately 3.4 billion euros, a deal that is set to close by the end of Q4 2018.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
In its third accounting quarter, the consumer goods giant saw its adjusted EPS increase by 4% to exactly one dollar, for revenues of 16.3 billion dollars, up 4% as reported and up 1% in organic terms.
In addition, Procter & Gamble has announced an agreement with Merck KGaA to buy back its consumer health business for approximately 3.4 billion euros, a deal that is set to close by the end of Q4 2018.
Copyright (c) 2018 CercleFinance.com. All rights reserved.