Procter & Gamble revenue misses estimates as volume stays unchanged

Procter & Gamble released fiscal fourth-quarter results that fell short of Wall Street expectations, driven primarily by stagnant demand across its product portfolio. The company reported net income of $3.04 billion, or $1.26 per share, representing a decline from $3.62 billion, or $1.48 per share, in the comparable period a year prior. Excluding restructuring charges and other items, earnings reached $1.43 per share. Net sales increased 2% to $21.2 billion, though organic revenue, which ex