P&G; Raises Earnings Outlook Again
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Reuters
Consumer products maker Procter & Gamble Co. raised its quarterly earnings forecast for the fourth straight quarter.
The company expects core earnings for its first quarter ending this month to be in the mid-teens, or 14% to 16%, excluding restructuring charges.
That would bring earnings to as much as $1.11 a share and compares with a previous forecast of a 11% to 15% increase.
Shares of Cincinnati-based P&G; rose $1.29 to close at $89.85 on the New York Stock Exchange.
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