P&G; Raises Earnings Outlook Again

Consumer products maker Procter & Gamble Co. raised its quarterly earnings forecast for the fourth straight quarter.

The company expects core earnings for its first quarter ending this month to be in the mid-teens, or 14% to 16%, excluding restructuring charges.

That would bring earnings to as much as $1.11 a share and compares with a previous forecast of a 11% to 15% increase.

Shares of Cincinnati-based P&G; rose $1.29 to close at $89.85 on the New York Stock Exchange.