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P&G executives provided their 2010 outloo k this morning in New York City during a strategic decisions conference hostedby . The company predictexd core earnings per shareof $3.65 to $3.80 in fisca l 2010, versus $3.62 to $3.67 in FY 2009. P&G's fiscal 2010 starts July 1. The $3.65 to $3.80 outlook represents zero to 4 percent growth over expectes fiscal2009 profit, of about $3.65 per And it falls short of that by analyste surveyed by Thomson Reuters, who projected 2010 earninge per share of $3.91.
P&G expects fiscal 2010 organic sales growtjh of 1 percent to3 percent, mainly driven by growthb in market share, and net salex of 1 percent to minus 2 percent, comparer with fiscal 2009. The net salesd figures factor in a negative foreign exchange impac t of 2 percent to 3 thecompany said. Chief Financial Officer Jon Moeller said in the releasrthat P&G plans to invesr aggressively in its businesses during fiscak 2010. “We want to positiob the company strategically and competitively to be even strongerd coming out of this global he said. Shares in P&G PG) rose 63 cents, to in Thursday afternoon trading.
Procter Gamble, headquartered in develops, manufactures and markets consumer productsdand pharmaceuticals.
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