P&G lowered its guidance for fiscal 4th quarter, which ends on 6/30. CEO Bob McDonald said sales excluding add-ons from acquisitions and foreign exchange will grow 3%, lower than the previous estimate of 5%. EPS for the quarter should max out at 79c, lower than the previous estimate of 84c, which would make this quarter the weakest in two years.P&G is a popular defensive stock, but its top line is taking a hit from the weakness in Europe. Shares dropped more than 3% today, which is a large move when ATM volatility is only in the mid-teens. YTD it dropped 6.7%. I’m always a fan of this company, I think it has world-class manufacturing lines that are unparalleled, but what do you think of the stock? What would be the alternative if you get out of this name? Send in your thoughts to our show or tweet me (@juliasun_onair). I’m Julia Sun for the Financial News Network, we’ll be right back after the break.