P&G profit and sales beat Wall Street estimates

Shares of the company, which raised its fiscal 2017 forecast for organic sales growth, were up 2 percent before the bell on Friday. P&G has been shedding unprofitable brands as it focuses on core brands, including Tide and Gillette, to boost sales. The company sold 41 of its brands last year, including Clairol and COVERGIRL, to Coty Inc for $12.5 billion.