P&G raises full-year forecast on higher demand for beauty products

(Reuters) - Procter & Gamble Co on Tuesday raised its full-year sales and profit forecasts after a better-than-expected first quarter, powered by demand for its premium beauty brands such as SK-II and China Olay.The world's no.1 personal care products maker forecast full-year core earnings growth in the range of 5% to 10%, compared with its prior estimate of 4% to 9% growth.P&G expects full-year sales to grow as much as 5%, compared to earlier expectation of 4%. The company retained the lower..