By  on September 11, 2009

Procter & Gamble Co. Thursday lifted its full-year earnings guidance and said that it expects sales to rebound this fall as it cuts prices, invests in new products and continues restructuring.

The news sent P&G shares up $2.28, or 4.2 percent, to $56.04 at the end of trading Thursday. The company offered its revised outlook at the Barclay Capital Back-to-School Consumer Conference in Boston.

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