(Reuters) - Procter & Gamble Co (PG.N), the world’s largest household products maker, raised its full-year profit outlook to include the sale of its Pringles snacks business, a new joint venture with Teva Pharmaceutical Industries (TEVA.TA) and its restructuring plans.
The maker of Pampers diapers and Tide detergent, which kept its full-year sales forecast, also said it had started implementing its restructuring plans.
“We are well into the design process for our restructuring plans and are already beginning the implementation phase in some areas...” Chief Financial Officer Jon Moeller said.
The company expects to report net earnings of $4.52 to $4.83 a share in 2012, up from its previous outlook of $4.17 to $4.33 a share. (Reporting by Mihir Dalal in Bangalore; Editing by Gopakumar Warrier)