P&G Q4 Profit Up 5%, But Misses View; Provides Weak Outlook

Consumer goods giant Procter & Gamble reported on Friday that profit for the fourth quarter increased five percent from last year, driven by net sales growth and lower expenses. Earnings per share for the quarter missed analysts' estimates, but quarterly sales topped expectations by a whisker. Looking ahead, the company initiated earnings and sales growth guidance for full-year 2023 below expectations.

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