US food and consumer goods giant Procter & Gamble has said that it expects quarterly earnings to be at the top end of forecasts, helped by cost-cutting measures and the weak dollar.
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The Cincinnati-based company, which makes a wide range of branded goods including Pringles, said it expects sales to increase 6-7% and earnings before restructuring items to rise around 12% for the fourth quarter, which ends in June.
In May P&G backed its outlook of earnings per share growth of 10-12% despite tornado damage at its North American snacks plant that it said would cut sales growth by 1% or less.
