Procter & Gamble Backs Estimates
It sees third-quarter earnings of 60 cents to 62 cents a share.
Procter & Gamble
(PG) - Get Report
affirmed its third-quarter earnings and sales guidance Tuesday, saying it remains on track to earn 60 cents to 62 cents a share on revenue that will represent a high single-digit percentage increase from a year ago.
Analysts surveyed by Thomson First Call were forecasting earnings of 61 cents a share on sales of $13.89 billion in the quarter, which ends March 31.
P&G's stock closed at $52.92 Tuesday, down 33 cents, or 0.6%. It slipped another 2 cents to $59.20.
The last time P&G made an unscheduled announcement about earnings was Jan. 27, the night before the company announced its $55 billion acquisition of
Gillette
(G) - Get Report
.
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