Procter
Procter & Gamble Co., the biggest U.S. household-goods maker, said fiscal fourth-quarter profit jumped 44%, helped by its beauty-care business and sales in developing markets such as China. The shares had their biggest gain in more than four months after the company raised its quarterly profit forecast.
Net income climbed to $1.37 billion, or 50 cents a share, from $955 million, or 34 cents, a year earlier, when the company took restructuring costs. Sales rose 19% to $12.96 billion, boosted by the decline of the U.S. dollar, the Cincinnati-based company said.
Shares of Procter & Gamble rose $1.19, or 2.3%, to $53.34 on the New York Stock Exchange.
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