Stock Trading News - (NYSE:PG) Up On Better Outlook

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The Procter & Gamble Company (NYSE:PG) climbed 4.67% to $59.90 after The maker of Tide and Pampers reported Thursday that profit was off 1% at $3.35 billion, or 1.06 a share, compared to $3.31 billion, or $1.03 per share, a year ago. Sales fell 6% to 19.8 billion. The company says revenue was hurt by the stronger dollar overseas.

Analysts expected earnings of 99 cents on $19.83 billion for P&G.

For its full fiscal year, the company expects 2%-4% organic sales growth and 3%-6% growth in net sales, which had fallen 3% last year.

P&G also said earnings per share for the October-December quarter should be $1.36 to $1.44 a share, boosted by an expected 43-cent gain from its recently announced $3.1 billion sale of its prescription drug business. For the year, P&G raised the low end of earlier guidance 3 cents to a range of $4.02-$4.12.

Analysts surveyed by Thomson Reuters were expecting $1.40 a share for the second quarter and $4.10 for the year.