Head & Shoulders and Olay boost sales at Procter & Gamble

Procter & Gamble’s more optimistic forecast for the current year was offset by a revenue miss, a sign that analysts are setting a high bar for quarterly earnings with stocks at record highs.

Organic sales, which exclude items like acquisitions and currency fluctuations, rose 5% in the company’s fiscal second quarter, short of the average of analysts’ projections for growth of 5.6%, according to estimates.