Procter & Gamble Co. said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to 86 cents per share, compared with the S&P Capital IQ consensus estimate of $1.13 per share.
EPS fell year over year from 88 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $2.48 billion, a decline from $2.56 billion in the year-earlier period.
The normalized profit margin declined to 11.6% from 12.1% in the year-earlier period.
Total revenue decreased year over year to $20.16 billion from $21.10 billion, and total operating expenses declined year over year to $16.04 billion from $16.80 billion.
Reported net income decreased 9.3% on an annual basis to $2.95 billion, or $1.02 per share, from $3.25 billion, or $1.12 per share.
