Procter & Gamble Produce Powerful Productivity And Profits While Reducing Its People (PG)

Procter & Gamble (NYSE: PG) beat out the analysts. Jon R. Moeller, Procter & Gamble's chief financial officer, went over the Q4 results on CNBC's Squawk Box on Thursday morning.

"We just completed our fiscal year. A pretty good fiscal year. A good stepping stone back where we want to be, leading our industry," said Moeller.

With expectations set for a revenue of $20.55 billion and EPS at $0.77 excluding certain items, the Q4 EPS of $0.79 and revenue of $20.7 billion is a nice win for the company to report.

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"I think the biggest complaint across the shareholder base, or the biggest opportunity that they saw, was for us to reduce costs even further. We have a very profitable business, but there's opportunities to improve that, and we've made very good progress along that line. So, we're on track. We're ahead of most of our productivity goals," said Moeller.

"We've reduced the size of the organization by about 7,000 people over the last 18 months, and it's starting to come through in the bottom line. We over delivered each of the last four quarters in terms of earnings per share, largely driven by that productivity."