Procter & Gamble Co.’s net earnings gained 2 percent in the third quarter, but Wall Street is holding out for more consistent growth.
The company reported net earnings for the three-month period of $2.64 billion, or 90 cents a diluted share, compared with $2.59 billion, or 88 cents, in the year-earlier period. Net earnings attributable to P&G were $2.61 billion, compared with $2.57 billion a year earlier. The company’s net sales in the quarter were essentially flat at $20.56 billion, compared with $20.6 billion the previous year. Organic sales rose 3 percent.
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