Procter & Gamble confirms earnings outlook for 2010, announces new products

Procter & Gamble confirms 2010 profit outlook

CINCINNATI — Consumer products maker Procter & Gamble Co. on Thursday reaffirmed its outlook for fiscal 2010 profit of $4.02 to $4.12 per share as it prepares to launch several new products.

Analysts polled by Thomson Financial, on average, predict a profit of $4.14 per share including certain one-time items. P&G is forecasting adjusted earnings of $3.53 to $3.63 per share from continuing operations. The estimated range excludes one-time items such as a gain on the sale of its pharmaceutical business to Warner Chilcott.

Meanwhile, the company said it has several new products set to launch, including Pampers Swaddlers and Cruisers diapers which begin shipping in mid-March and Gillete Fusion Pro-Glide razor system, shipping in June.

Shares rose 54 cents to close at $63.39.