NEW YORK (TheStreet) -- Shares of The Procter & Gamble Co were up 0.86% to $80.92 in afternoon trading Wednesday, ahead of the world's largest consumer-products company's latest quarterly earnings results, due out before the market opens Thursday. TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio said in a video this morning that he's waiting for P&G earnings with new company CEO David Taylor. Cramer noted that P&G stock "has come down a great deal and I like the yield." For the fiscal fourth-quarter, Wall Street is expecting the company to earn 95 cents a share and revenue of $17.98 billion, according to analysts polled by Thomson Reuters. In the same period of last year, P&G earned 89 cents a share on revenue of $20.16 billion. Earlier this month, the company agreed to sell 43 of its beauty brands to Coty Inc. for $12.5 billion. Cincinnati, Ohio-based P&G is a consumer packaged goods company with its products sold in more than 180 countries. The company's customers include mass merchandisers, grocery stores, membership club stores, drug stores, department stores, salons, distributors, e-commerce and stores. Separately, TheStreet Ratings team rates PROCTER & GAMBLE CO as a Buy with a ratings score of B+.
Similar Stories to Jim Cramer Watching Procter & Gamble (pg) Earnings Thursday on Bing News
twocents@thestreet.com (Kurumi Fukushima), The Street
Wed, 07/29/2015 - 11:02am
Topics: york thestreet shares thestreet's jim cramer portfolio manager action alerts plus charitable trust portfolio ceo david taylor cramer wall street reuters earlier coty inc cincinnati ohio-based p&g separately gamble co pg y this highlights index gamble co's eps eps household products pg ratings report consumer non-durables the the procter gamble co cramer i it p&g thestreet ratings procter gamble co b+ thestreet ratings team gamble co pg s&p eps pg click thursday year company stores stock market fact quarter strengths growth net return average stocks result management compared performance levels cents revenue
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