Procter & Gamble Backs Estimates

It sees third-quarter earnings of 60 cents to 62 cents a share.
By TSC Staff ,

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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