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Procter & Gamble Reports Higher EPS And Organic Sales In Third Quarter

April 24, 2013: 12:00 AM EST
Procter & Gamble Co. reported core earnings per share rose 5 percent to $0.99 for the January–March 2013 quarter. Diluted net earnings per share increased 7 percent to $0.88. Also, the company said organic sales grew 3 percent, while net sales increased 2 percent to $20.6 billion from the same period in the previous year. Core gross margin increased 20 basis points, while reported gross margin, which includes non-core restructuring charges, rose 50 basis points. P&G said operating cash flow was $3.9 billion for the quarter, during which the company repurchased shares valued at $1.0 billion and returned $1.6 billion of cash as dividends to shareholders.
"P&G DELIVERS THIRD QUARTER CORE EPS OF $0.99, ORGANIC SALES UP 3%", Procter & Gamble, April 24, 2013, © Procter & Gamble
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