Procter & Gamble not bullish on FY 2010 - Business First of Columbus:

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P&G executives provided their 2010 outlook this morning in New York City durinyg a strategic decisions conference hostedfby . The company predicted core earnings per shar eof $3.65 to $3.80 in fiscal 2010, versuxs $3.62 to $3.67 in FY 2009. P&G's fiscak 2010 starts July 1. The $3.665 to $3.80 outlook represents zero to 4 percentg growth over expected fiscal 2009 ofabout $3.65 per share. And it fallsd short of that by analysts surveyed byThomsom Reuters, who projected 2010 earnings per share of P&G expects fiscal 2010 organicv sales growth of 1 percent to 3 percent, mainl y driven by growth in market and net sales of 1 percent to minuse 2 percent, compared with fiscal 2009.
The net salea figures factor in a negative foreign exchange impact of 2 percent to 3 thecompany said. Chief Financial Officer Jon Moelle said in the releasethat P&G plans to invest aggressively in its businesses during fiscal 2010. “We want to positiojn the company strategically and competitively to be even stronged coming out of thisglobal recession,” he said. Sharesw in P&G (NYSE: PG) rose 63 to $52.41, in Thursday afternoon trading. Proctert & Gamble, headquartered in Cincinnati, develops, manufacturee and markets consumer productsand pharmaceuticals.