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P&G Q4 update

This article was originally published in The Rose Sheet

Executive Summary

Procter & Gamble predicts higher than expected earnings growth for the fourth quarter ending June 30, based on strong sales volume. Core earnings, excluding restructuring charges, to be up in the high teens and volume growth forecast at 9%-10%, led by the Clairol acquisition and "strong performances by the beauty care, health care and fabric and home care business units, especially in North America," firm says. Sales, excluding foreign exchange, predicted to rise in the mid- to high-single-digit percent range. P&G will report fourth quarter and year-end results Aug. 5...

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