Quarterly earnings reports from major U.S. consumer products makers Thursday show their revenue fell because of consumers' spending cuts and the stronger dollar. Some highlights:

Procter & Gamble Co. — Cincinnati-based consumer products maker P&G earned $2.61 billion, or 84 cents per share, compared with $2.71 billion, or 82 cents per share, a year ago.

Revenue dropped 8 percent, to $18.42 billion.

P&G cut the high end of its full-year earnings forecast from an earlier range of $4.20 to $4.35 per share to a range now of $4.20 to $4.25. It expects net sales to fall 2 percent to 4 percent for the year. P&G projected fourth-quarter earnings in a range of 74 cents to 79 cents per share.

Colgate-Palmolive Co. — New York-based maker of namesake oral care and dishwashing soap, said its first-quarter profit rose 9 percent, to $507.9 million, or 97 cents per share, from $466.5 million, or 86 cents per share, a year earlier. Revenue fell 6 percent to $3.5 billion from $3.71 billion.

The company said it is "comfortable" with analyst earnings projections for earnings of $1.04 per share in the second quarter and $4.21 per share for the year.

Kellogg Co. — Battle Creek, Mich.-based cereal and snack maker said its profit rose 2 percent in its first quarter even as sales declined 3 percent to $3.17 billion.

Kellogg earned $321 million, or 84 cents per share, during the three-month period that ended April 4, compared with $315 million, or 81 cents per share, a year ago.

The company affirmed its previous 2009 guidance of high single-digit earnings-per-share growth.

Safeway Inc. — Pleasanton, Calif.-based grocery store chain said first-quarter profit fell 25 percent, to $144.2 million, or 34 cents per share for the quarter that ended March 28, from $193.4 million, or 44 cents per share last year.

Revenue fell 8 percent to $9.24 billion.

The company lowered guidance to earnings of $2.10 to $2.30 per share in 2009 from previous guidance of $2.34 and $2.44 per share.

Newell Rubbermaid Inc. — Atlanta-based maker of Sharpie pens and Rubbermaid storage containers said it earned $33.7 million, or 12 cents per share for the period that ended March 31, down 41 percent from $56.9 million, or 20 cents per share, in the same period the year before.

Sales slipped 16 percent to $1.2 billion from $1.43 billion, a drop within the range given in the company's recent forecast.

For the second quarter, Newell Rubbermaid forecast profit of 30 cents to 37 cents per share. Revenue is expected to decline approximately 20 percent, implying sales of about $1.47 billion. The company reported revenue of $1.83 billion in the year-ago period.