PepsiCo said its quarterly revenue fell 3.2 per cent, largely due to a strong dollar. The company's net revenue fell to $12.22 billion in the first quarter ended March 21, from $12.62 billion a year earlier. Net income attributable to PepsiCo was little changed at $1.22 billion but earnings per share rose to 81 cents from 79.
P&G's sales fall for fifth straight quarter
Procter & Gamble Co's sales fell for the fifth quarter in a row, hurt by a stronger dollar and lower demand for its beauty, hair and personal care products. Net income attributable to P&G fell to $2.15 billion, or 75 cents per share, in the third quarter ended March 31, from $2.61 billion, or 90 cents per share, a year earlier. The world's largest household products maker's revenue fell to $18.14 billion from $19.64 billion.
Dow Chemical profit rises 45%
Dow Chemical's quarterly profit jumped 45 per cent, helped by higher margins in five of its six units. Net income available to shareholders rose to $1.39 billion, or $1.18 per share, in the quarter ended March 31, from $964 million, or 79 cents per share, a year earlier.
GM posts weak quarterly profit
General Motors on Thursday posted a weaker-than-expected quarterly profit as weakness in South America and Russia hurt demand and the company's tax rate came in higher than expected. Net income in the first quarter rose to $945 million, or 56 cents a share, compared with $125 million, or 6 cents a share, a year earlier.
