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> When P&G released its earnings for the first quarter of fiscal 2015

Is the 2015 a typo, or has the financial industry operated in this quarter-ahead method for awhile?

Many companies have fiscal years that don't match the calendar year. The government goes Oct to Sept. The company I work for goes July to June.

Fiscal year != calendar year. It seems like P&G's fiscal Q1 = Q3 of the previous calendar year.

Ah, that makes a lot more sense. Thanks!