The Procter & Gamble Co. reported Tuesday that its fourth-quarter profit soared 33 percent, helped by price increases, overseas sales and tax benefits.
The maker of Tide detergent, Gillette shavers and Pampers diapers said profit rose to $3.02 billion, or 92 cents per share, from $2.27 billion, or 67 cents per share. Excluding tax benefits, P&G earned 80 cents per share.
Analysts surveyed by Thomson Financial expected 78 cents per share.
The Cincinnati-based consumer products company said revenue jumped to $21.27 billion from $19.27 billion for the quarter. Analysts predicted $21.05 billion.
P&G, which has been raising prices to offset rising energy and raw materials [...]