By
Reuters
Reuters
Published
Sep 10, 2009
Sep 10, 2009
P&G sees sales rising in the second quarter
By
Reuters
Reuters
Published
Sep 10, 2009
Sep 10, 2009
CHICAGO (Reuters) - Procter & Gamble Co (PG.N) stood by its earnings forecast for the current quarter on Thursday 10 September and said it expects sales to improve in the next quarter.
Procter & Gamble - Photo : AFP/Laurent Gillieron |
The maker of Tide laundry detergent, Crest toothpaste and a host of other well-known household brands said it still expects earnings per share of 95 cents to $1.00 for the current fiscal first quarter, which runs July through September, as it expects organic sales to be flat to down 3 percent. That measure excludes the impact of currency fluctuations, acquisitions and divestitures.
For the second quarter, the company expects organic sales to rise 1 percent to 4 percent, helped by new products and other investments.
P&G shares traded at $54.60 in premarket dealings, up from Wednesday (9 September) 's New York Stock Exchange close of $53.76.
(Reporting by Brad Dorfman, editing by Gerald E. McCormick)
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