By Brad Dorfman 10 minutes ago CHICAGO (Reuters) - Procter & Gamble Co's (PG.N) stock fell more than 4 percent on Tuesday as the company's outlook for the rest of the year disappointed analysts, who also raised concern about its beauty business.The stock fall came even as the company posted a 14 percent increase in profit for the first fiscal quarter ended September 30, helped by stronger sales of Gillette razors, Charmin toilet paper and Pampers diapers and by the weaker dollar.
P&G raised its full-year earnings per share forecast by 2 cents to a range of $3.46 to $3.49, but that was due to a one-time tax benefit in the first quarter. Without that benefit, the forecast of $3.44 to $3.47 was unchanged and at or below the average analysts' estimate of $3.47 a share posted by Reuters Estimates.
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