Profit of P&G fires and projection is revised

Procter Gamble & recorded a quarterly profit higher than expected, after the largest household products have higher prices applied and used new offers to revive growth in more complicated markets such as the USA. The P&G, a producer of Gillette razors and Pampers diapers, also said that profits must come up from their previous forecast and that sales should grow at the higher end of the estimate that you provide.
The company faces pressure to improve its performance since the activist investor William Ackman bought an interest of 1%. Ackman said that many company's problems are due to the company's management but that understood the desire of the Council to give the Chief Executive, Bob McDonald, more time to repair years of damage.
Even before Ackman take participation, P&G already passed by a restructuring of $ 10 billion and other changes. The company reported a profit of $ 4.06 billion.
Excluding extraordinary items as restructuring expenses and acquisitions, the P&G had a profit of $ 1.22 per share 4. The number surpassed the company's own forecast. Net sales rose 2%, reaching US $ 22,18 billion.
The P&G expects a profit for the fiscal year 2013 from $ 3.97 to $ 4.07 per share, higher than the previous forecast of as much as $ 4. The fiscal year ends in June. The company expects sales 4% higher this year, up from 2 percent previously predicted. In addition, the P&G plan to repurchase between $ 5 billion and $ 6 billion in shares.