On Earnings PG, GM and Express Script Rise

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Earnings Analysis:

Author: 123jump.com Staff
123jump.com
Last Update: 11:07 AM EDT April 30 2008

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General Motors overall revenue edged lower 0.7% but sales in China, India and Brazil surged. GMAC continues to drag the overall performance of the company with a charge of $1.45 billion in the quarter. Net loss in the quarter rose to $5.74 per share of $3.25 billion from a loss of $42 million or 7 cents per share. Consumer products company Procter & Gamble sales rose 9% to $20.52 billion and earnings increased 8% to $2.71 billion and earnings per share rose 11% to 82 cents.

First quarter net income increased to $177.2 million or $0.69 cent per diluted share compared with net income of $133.7 or $0.49 cent per diluted share for the same quarter of prior year.

Express Script stock (ESRX: chart) stock fell $1.43 to $70.04.

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