Procter & Gamble Co PG reported its results for the third quarter on Thursday.
The company's quarterly profit increased to $2.87 billion, or $0.96 per share, from $2.59 billion, or $0.83 per share, in the year-ago period. The company's sales rose 5% to $20.23 billion. However, analysts were expecting earnings of $0.97 per share on sales of $20.24 billion
PG projects 2011 core earnings of $3.91 to $3.96 per share, versus analysts' estimates of $3.96 per share.
Shares of P&G fell 1.59% to $63.00 in pre-market trading.
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