PG also issued non-GAAP EPS guidance for FY4Q12 (the current quarter) of $0.75-0.79, four cents below the prior range of $0.79-0.83; the reduction was due to market softness and currency effects. With the $0.04 reduction for FY4Q12 announced today, FY2012 non-GAAP EPS guidance is now $3.79-3.84.
All told, not a pretty picture, although PG can't be blamed for the negative effects of the strong US Dollar vs the Euro and other international currencies.