CHICAGO (Reuters) - Procter & Gamble Co
Earnings rose, but fell short of Wall Street's expectations in the latest quarter. P&G shares fell in premarket trading.
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P&G earned $2.87 billion, or 96 cents per share, in the third quarter ended in March from $2.59 billion, or 83 cents per share, a year earlier. Analysts on average expected 97 cents per share, according to Thomson Reuters I/B/E/S.
Sales rose 5 percent to $20.23 billion.
P&G said it now expected fiscal-year core earnings, which exclude some items, of $3.91 to $3.96 per share. The high end of that forecast previously was $4.01.
The company now expects sales to increase 4 percent to 5 percent, compared with a January forecast of 3 percent to 5 percent growth.
(Reporting by Jessica Wohl; Editing by Lisa Von Ahn)