** Shares of consumer goods bellwether Procter & Gamble PG.N fall 2.5% to $161.74 premarket
** Tide parent cuts annual sales and profit forecasts after reporting bigger-than-expected drop in Q3 net sales
** Co expects annual core earnings per share in the range of $6.72 to $6.82, down from prior target of $6.91 to $7.05
** Now expects total net sales for FY25 to be roughly in line with prior fiscal vs earlier target of 2%-4% growth
** Q3 net sales fall 2% to $19.78 billion vs estimate of 0.44% fall to $20.11 billion - LSEG
** "Making appropriate adjustments to our near-term outlook to reflect underlying market conditions while remaining confident in the longer-term growth prospects for our brands," says CEO Jon Moeller
** As of last close, stock down 1.2% YTD
(Reporting by Juveria Tabassum in Bengaluru)
((Juveria.Tabassum@thomsonreuters.com;))
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