reported quarterly earnings and revenue that beat analysts' expectations on Tuesday aided by investments the company is making to develop new products and boost advertising.
In the fiscal-fourth quarter ended June 30, P&G said it earned 79 cents a share, excluding items. The company had been expected to earn 74 cents a share, on average, according to Thomson First call.
While revenue fell 2.8 percent to $16.1 billion from $16.55 billion, it topped Wall Street's average estimates of $15.83 billion.
"The fourth quarter was another period of progress driving P&G's results to a balance of strong top-line growth, bottom-line growth and cash generation," CEO David Taylor said in a statement. "We grew organic volume and sales in all reporting segments. We increased investments in innovation and advertising, funded by strong productivity improvement."
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