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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lunes, 19 de agosto de 2013

Procter & Gamble profit falls, but sales rise

Procter & Gamble Co.'s fiscal fourth-quarter earnings fell 48% amid restructuring and other charges, while the world's largest consumer-products company's sales and unit volume improved
P&G is rapidly cutting costs and eliminating jobs over the next couple of years to help fund the development and introduction of new products, ranging from unit-dose Tide Pods laundry detergent to thicker Bounty paper towels
The efforts have helped lift P&G's profit in recent quarters, but the underperformance of some segments, like its beauty business, continues to challenge its sales growth
For the quarter ended June 30, P&G reported a profit of $1.88 billion, or 64 cents a share, down from $3.63 billion, or $1.24 a share, a year earlier
Excluding items such as charges for legal matters, impairment and restructuring, core earnings fell to 79 cents from 82 cents
Sales increased 2.2% to $20.66 billion
Organic sales, which strip out currency movements and the impact of acquisitions and divestitures, rose 4%
Unit volume was up 5%
In April, the company forecast core earnings of 69 cents to 77 cents a share on organic sales growth of 3% to 4%
Gross margin shrank to 47.5% from 48.1%.
P&G also expects fiscal 2014 per-share earnings to rise 5% to 7% on a sales increase of 1% to 2% and organic sales growth of 3% to 4%
Analysts surveyed by Thomson Reuters expect per-share and revenue increases of 7% and 3%, respectively

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