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Procter & Gamble quarterly sales below estimates

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Procter & Gamble quarterly sales below estimates

Procter & Gamble quarterly sales below estimates
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Brendan McDermid(Reuters)
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(Reuters) - Procter & Gamble Co <PG.N> reported lower-than-expected quarterly sales on Tuesday, due to a disappointing performance at the unit that makes Gillette razors and shaving products, sending the company's shares down 1.5 percent before the bell.

Net income attributable to the company fell to $1.89 billion (1.44 billion pounds), or 72 cents per share, in the fourth quarter ended June 30, compared with $2.22 billion, or 82 per share, a year earlier.

Net sales rose to $16.50 billion from $16.08 billion. Analysts had forecast sales of $16.54 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Nivedita Balu in Bengaluru; Editing by Bernard Orr)

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