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P&G executives provided their 2010 outloo this morning in New York City during a strategif decisions conference hostedby . The compang predicted core earnings per shareof $3.65 to $3.80 in fiscak 2010, versus $3.62 to $3.67 in FY 2009. P&G'ws fiscal 2010 starts July 1. The $3.65 to $3.89 outlook represents zero to 4 percent growth over expectesd fiscal2009 profit, of about $3.65 per And it falls short of that by analystsw surveyed by Thomson Reuters, who projectec 2010 earnings per share of $3.91.
P&Gt expects fiscal 2010 organic salews growth of 1 percent to3 percent, mainly drivenn by growth in market and net sales of 1 percent to minus 2 percent, compareed with fiscal 2009. The net sales figures factorf in a negative foreign exchange impact of 2 percen t to3 percent, the company said. Chier Financial Officer Jon Moeller said in the releasewthat P&G plans to invest aggressivelty in its businesses during fiscal 2010. “W want to position the company strategically and competitiveluy to be even stronger cominbg out of this global he said. Shares in P&t (NYSE: PG) rose 63 cents, to in Thursday afternoon trading.
Procter Gamble, headquartered in develops, manufactures and market consumer productsand pharmaceuticals.
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