The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy.

Cotización de las Principales divisas en tiempo real

Cotización de las Principales divisas en tiempo real
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jueves, 21 de junio de 2012

P&G cuts 4th-period net, sales view; outlines '13

TEL AVIV (MarketWatch)
Procter & Gamble Co. the Cincinnati consumer-products maker, on Wednesday cut its estimate of fourth-quarter profit and sales and outlined initial estimates for fiscal 2013
Citing weaker-than-expected growth in developed markets, P&G now expects that for the quarter ending in June, it will earn $1.17 to $1.26 a share, or an adjusted 75 cents to 79 cents a share. The difference is a gain on the sale of the company's snacks business
A survey of analysts by FactSet Research produced a consensus estimate of a profit of 82 cents a share
P&G previously had estimated the quarter's adjusted profit at 79 cents to 85 cents a share
Net sales should come in 1% to 2% lower, compared with its previous estimate of up 1% to 2%, P&G said
Foreign-exchange fluctuations knocked 4% off net sales in the quarter, P&G reported
For fiscal 2013, the company pegged adjusted profit in a range of flat to a mid-single-digits percentage gain over the fiscal 2012 figure.

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