UPDATE: Church & Dwight Q1 Profit Up 12%

Church & Dwight Co CHD reported a 12% rise in its first-quarter earnings. For the current quarter, Church & Dwight projects earnings of $0.58 per share, versus analysts' estimates of $0.64 per share. Church & Dwight's quarterly profit surged to $107.7 million, or $0.76 per share, from $95.8 million, or $0.66 per share, in the year-ago period. Its sales climbed 13% to $779.3 million, beating analysts' estimates of $776.6 million. Its gross margin rose to 44.9% from 43.8%. Church & Dwight shares closed at $62.90 yesterday.