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October 31, 2005
By: TOM BRANNA
Editor
Procter & Gamble Co., is expecting first-quarter earnings of 76 cents a share, according to Thomson First Call, representing 5.5% earnings growth over last year’s profit of 72 cents a share. Sales are forecast to rise 14% to $15.63 billion from $13.74 billion in last year’s first quarter. However, P&G was downgraded late in the quarter over cost concerns. Citigroup Smith Barney analyst Wendy Nicholson reduced her rating on the company’s stock to hold from buy and cu...
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