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P&G Suffers Significant Sales Drop In 3Q FY2015

April 23, 2015: 12:00 AM EST
Procter & Gamble Company said core earnings per share reached $0.92 in the third quarter of fiscal year 2015. Minus the impact of currency fluctuations, however, core earnings per share increased 10 percent during the period, the company said. Net sales declined 8 percent to $18.1 billion, compared with the same quarter in the previous year. Foreign exchange fluctuations had a negative 8 percentage point impact, while minor brand divestitures had 1 percentage point effect on revenue performance. Organic sales rose 1 percent, according to the company.
"P&G Third Quarter Core Eps $0.92, Constant-Currency Core Eps Up 10%; Organic Sales (Which Excludes 8% Foreign Exchange Impact) Up 1% Company Continues To Accelerate & Exceed Productivity Savings Goals", Procter & Gamble, April 23, 2015, © Procter & Gamble
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