Procter & Gamble Co. Bottom Line Drops 17% In Q4

(RTTNews) - Procter & Gamble Co. (PG) announced earnings for fourth quarter that lost ground compared to the same period last year.

The company said its bottom line dropped to $2.22 billion, or $0.86 per share. This was lower than $2.69 billion, or $0.93 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.74 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.7% to $16.10 billion. This was down from $16.55 billion last year.

Procter & Gamble Co. earnings at a glance:

-Earnings (Q4): $2.22 Bln. vs. $2.69 Bln. last year. -Earnings Decline (Y-o-Y): -17.5% -EPS (Q4): $0.86 vs. $0.93 last year. -EPS Decline (Y-o-Y): -7.5% -Analysts Estimate: $0.74 -Revenue (Q4): $16.10 Bln vs. $16.55 Bln last year. -Revenue Change (Y-o-Y): -2.7%

-Guidance: Full year EPS guidance: $3.67