You can now read 5 articles in a month for free on Read as much as you want anywhere and anytime for just 99¢.

Red Sox Live



▲  7th Inning 0 outs

market mover

P&G slumps, despite 6% gain in profit

P&G, whose products include Tide and Crest, owns Boston-based Gillette.

Getty Images for Gillette

P&G, whose products include Tide and Crest, owns Boston-based Gillette.

Continue reading below

Third-quarter net income at Procter & Gamble Co., the largest consumer products maker, rose 6 percent to $2.57 billion. But P&G’s fourth-quarter outlook fell short. It projects net income of 69 to 77 cents per share, not the 82 cents analysts expect. For the year, P&G expects $3.96 to $4.04; analysts said $4.37. The company blamed a mixed response to new products and “choppy’’ market conditions. The stock had been up 22 percent since the beginning of the year.

Loading comments...

Wake up with today's top stories.

Want each day's news headlines delivered fresh to your
inbox every morning? Just connect with us
in one of the following ways:
Please enter a valid email will never post anything without asking.
Privacy Policy
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of