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Procter &Gamble - CFO)
(From CEOWire)
Byline: Mark Haines
MARK HAINES, CNBC ANCHOR: Procter & Gamble getting in the game. The consumer products company raised its fiscal third quarter and four-year guidance by a penny to two pennies, citing strong volume and sales. The company also declared two-for-one stock split, increased its dividend by 13 percent.
The stock is called (ph) up over $2 in the pre-market. It has almost doubled after hitting a low point in 2001. As you can see, down around 57 and now it`s almost double that. Joining us now with more on the report, another first on CNBC is Clayton Daley Jr., chief financial officer at Procter & Gamble. Good morning, sir. Thanks for being with us. CLAYTON DALEY JR., PROCTER & GAMBLE CFO: Good morning. Nice to be here. HAINES: So - I mean, are people trying to be clearer, or is the dollar? What`s going on here?
DALEY: Well, the unit volume is good. The unit volume has remained strong, remained above our long-term goals. And that`s been driven by a number of our core businesses, fabric and home care, beauty care, health care, as well as very strong performance in developing markets, particularly China. HAINES: Are you finding that you have pricing power?
(From CEOWire)
Byline: Mark Haines
MARK HAINES, CNBC ANCHOR: Procter & Gamble getting in the game. The consumer products company raised its fiscal third quarter and four-year guidance by a penny to two pennies, citing strong volume and sales. The company also declared two-for-one stock split, increased its dividend by 13 percent.
The stock is called (ph) up over $2 in the pre-market. It has almost doubled after hitting a low point in 2001. As you can see, down around 57 and now it`s almost double that. Joining us now with more on the report, another first on CNBC is Clayton Daley Jr., chief financial officer at Procter & Gamble. Good morning, sir. Thanks for being with us. CLAYTON DALEY JR., PROCTER & GAMBLE CFO: Good morning. Nice to be here. HAINES: So - I mean, are people trying to be clearer, or is the dollar? What`s going on here?
DALEY: Well, the unit volume is good. The unit volume has remained strong, remained above our long-term goals. And that`s been driven by a number of our core businesses, fabric and home care, beauty care, health care, as well as very strong performance in developing markets, particularly China. HAINES: Are you finding that you have pricing power?
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