BUSINESS BRIEFING / CONSUMER GOODS
Times Wire Reports
Procter & Gamble Co. expects another tough year for sales of consumer products but says it has aggressive plans to build up its market share.
The maker of Tide detergent offered a cautious outlook, projecting earnings of $3.65 to $3.80 a share for the fiscal year that begins July 1 -- a growth rate of roughly zero to 4% compared with its estimates for the current fiscal year. Analysts surveyed by Thomson Reuters had projected earnings of $3.91 a share.
But analysts said P&G;’s conservative forecast eased uncertainty after the firm had delayed issuing projections.
