updated 5/1/2007 8:16:09 AM ET 2007-05-01T12:16:09

Procter & Gamble Co., the world’s largest consumer products company, said Tuesday its third-quarter earnings rose 14 percent on higher sales of its health products and razors.

The Cincinnati company, whose products range from Tide laundry detergent to Head & Shoulders shampoo to Gillette razors, boosted its full-year earnings target on the strong quarterly sales.

P&G said net income in the three months ended March 31 climbed to $2.51 billion, or 74 cents per share, from $2.21 billion, or 28 cents per share, in the year-earlier period.

The result was in line with the expectations of analysts polled by Thomson Financial.

Sales added 8 percent to $18.69 billion from $17.25 billion a year ago, exceeding Wall Street’s forecast for $18.56 billion.

“Strong results this quarter were driven by the growth of P&G’s leading brands, Gillette synergy benefits and continued cost discipline,” said Chairman, President and Chief Executive A.G. Lafley.

© 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 4.71%
$30K home equity loan FICO 5.26%
$75K home equity loan FICO 4.70%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.42%
13.42%
Cash Back Cards 17.94%
17.94%
Rewards Cards 17.14%
17.14%
Source: Bankrate.com