Procter & Gamble Co (PG)

[dr_praeses]

P&G raises fiscal 2007 outlook

(7:19 AM ET) NEW YORK (MarketWatch) -- Procter & Gamble Co. (PG :
The Procter & Gamble Company on Tuesday raised its fiscal 2007 earnings outlook to a range of $2.99 to $3.03 a share, up from a prior target of $2.97 to $3.02. Analysts' average estimate stands at $3.02 a share, according to Thomson Financial. Organic sales, or sales excluding acquisitions, divestitures and currency exchange, are expected to grow 5% to 6%, up from a prior expectation of 4% to 6%. P&G, of Cincinnati, also set a third-quarter earnings target at 72 cents to 74 cents a share.