Procter & Gamble Co. said Friday that its net income climbed 45 percent in its fiscal fourth quarter, boosted by the sale of its snacks division. Even without the impact of the sale, its earnings beat Wall Street expectations and the company said it was making progress with its cost cutting plan and strategy to improve results by focusing on its most profitable categories.
The maker of Tide detergent, Crest toothpaste and other consumer goods also said Friday that it plans to buy back $4 billion in shares this fiscal year. That’s a reversal from June.
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