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Procter & Gamble

(PG) - Get Procter & Gamble Company Report

Thursday held to previous earnings forecasts for its current quarter and fiscal year.

In October, the company said it was comfortable with analysts' estimates for the quarter ending Dec. 31. The Thomson First Call consensus forecast is $1.26 a share. That compares with earnings of $1.13 a share a year ago.

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For the fiscal year ending March 31, Procter & Gamble confirmed it expected to meet analysts' consensus estimate of $4.53 a share.

The Cincinnati-based company said total sales growth during the quarter is expected to be in the 14% to 18% range. That includes a 3% to 4% benefit from the weak dollar and a 6% to 7% boost from acquisitions and divestitures.

The consumer products giant also said sales in the current quarter would meet or beat its long-term organic growth target of 4% to 6%, excluding the impact of foreign exchange rates.

The company's shares rose 31 cents to $96.88 on Wednesday.