Procter & Gamble
affirmed its forecasts for first-quarter and full-year 2003 earnings, which are on par with analysts' estimates.
The company expects first-quarter earnings per share to rise in the midteens range, excluding restructuring charges. Analysts expect the company to earn $1.10 a share. Sales are expected to grow in the high single-digit range.
For 2003, P&G expects EPS growth in the double digits. Analysts expect the company to earn $3.97 a share. Sales are expected to increase 4% to 6%.
Shares of Cincinnati-based P&G closed at $90.75 Thursday on the
New York Stock Exchange