Procter & Gamble Profit Rises 9%

Procter & Gamble (PG Quote) said earnings in its fiscal first quarter rose 9% to $3.35 billion, or $1.03 a share, from $3.08 billion, or 92 cents a share, a year earlier as sales rose 9%.

Analysts surveyed by Thomson Reuters expected the company to earn 98 cents a share in the quarter.

Sales were $22.03 billion, compared with year-earlier sales of $20.2 billion on growth in the company's beauty, fabric care and home care, and baby care and family care segments. Organic sales rose 5%. The company's target range was 4% to 6%. ...