CINCINNATI (AP) _ Procter & Gamble Co. (PG) on Thursday reported fiscal fourth-quarter net income of $2.8 billion, after reporting a loss in the same period a year earlier.

On a per-share basis, the Cincinnati-based company said it had net income of $1.07. Earnings, adjusted for restructuring costs, were $1.16 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.01 per share.

The world's largest consumer products maker posted revenue of $17.7 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $16.95 billion.

P&G shares have climbed nearly 3% since the beginning of the year, while the Standard & Poor's 500 index has increased roughly 1%. The stock has risen 11% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PG at https://www.zacks.com/ap/PG

Automated Insights, source Associated Press News