The World's Biggest Consumer Goods Company Shows That Growth In Developed Markets Is Tanking

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		Tech Entertainment Wall Street Markets Strategy Sports Lifestyle Politics Law International Video Latest Wednesday, June 20, 2012 The World's Biggest Consumer Goods Company Shows That Growth In Developed Markets Is Tanking Proctor and Gamble unexpectedly cut guidance this morning, sending shares down in pre-market trade. In a statement, Procter said "the revisions to the Company’s fourth quarter outlook are primarily driven by slower than anticipated top-line growth from slower than expected market growth rates and market share softness in developed regions and negative impacts from foreign exchange rate changes." Translation: high unemployment coupled with slow-to-no GDP growth in developed markets are destroying the top line. At a Deutsche Bank panel today, Procter plans to show this slide that sums it up pretty nicely. Read » Also On Money Game Today: FINALLY: Greece Has A Government, Samaras Sworn In As Prime Minister, And The Euro Is Rising Dear World: Beware Of Greek Voters Bearing Gifts 8 Top Wall Street Economists Preview Today's FOMC Meeting Art Cashin Has The Best Preview Of Today's Fed Meeting That We've Seen Advertisement CHART OF THE DAY: Wall Street Has No Idea Where The Euro Is Heading CHART OF THE DAY: The Spanish 10-Year Yield Middle-Finger Formation Recap After The Bell With 'Money Game Chart Of The Day' Share this: Facebook Twitter Digg Reddit StumbleUpon LinkedIn The email address for your subscription is: dwyld.kwu.jobhuntportal11@blogger.com Change Your Email Address | Unsubscribe | Subscribe | Subscribe to the Money Game RSS Feed Business Insider. 257 Park Avenue South, New York, NY 10010 Terms of Service | Privacy Policy

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