Procter & gamble (Procter&Gamble) said that in the third quarter of this fiscal year, its net income rose 6%, because the company cut costs, but the income was less than analysts' expectations.
Based in Cincinnati, the company's products range from tide detergent, crest toothpaste and Gillette razors. It is facing the European economy is weak and slowing growth in China.
Said the world's largest consumer goods manufacturers, from January to march quarter net income rose to $2.57 billion, or 88 cents a share. Compared with $2.41 billion, or 82 cents a share, last year's net income.
Excluding restructuring charges related to currency devaluation in venezuela, the profit of 99 cents a share. Analysts' expectations of 96 cents.



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