P&G first quarter sales exceed expectations

Thu Oct 29, 2009 7:22am EDT

(Reuters) - P&G (PG.N) reported first quarter sales and EPS exceeded expectations.

* Q1 earnings per share $0.97 from continuing operations

* Q1 earnings per share $1.06 * Q1 sales $19.8 billion

* Sees 2010 core earnings per share $3.47 to $3.59 * Says for 2010 the company increased range of expected organic sales growth by one percent to plus two to four percent

* Says net sales are expected to increase three to seven for October-December quarter

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