Procter & Gamble Confirms Financial Outlook

Consumer products giant Procter & Gamble Co. (PG) Tuesday said it remained comfortable with its previous financial outlook for the current quarter, which concludes at the end of March.

Procter & Gamble, the maker of Crest toothpaste and Tide laundry detergent, said it still expects earnings of 60 cents to 62 cents a share in its fiscal third quarter. In a statement, it said it also expects total sales growth to be in the "high single-digit" range.

Wall Street, on average, had expected earnings of 61 cents a share and sales of $13.88 billion, according to a survey of analysts by Reuters Estimates.

Shares of Procter & Gamble, a member of the Dow Jones industrial average (search), declined 2 cents in after-hours trading to $52.90, following a 33-cent dip in regular trading on the New York Stock Exchange (search).

In January, Procter & Gamble said it had agreed to buy Gillette Co. (G) in a deal worth about $55.8 billion, uniting two of the world's largest makers of household goods.