Here is a function that keeps HTML tags in tact, adds a "Read More" link at the end of the excerpt and trims the excerpt after the first paragraph.
if ( ! function_exists( 'wpse0001_custom_wp_trim_excerpt' ) ) :
function wpse0001_custom_wp_trim_excerpt($wpse0001_excerpt) {
global $post;
$raw_excerpt = $wpse0001_excerpt;
if ( '' == $wpse0001_excerpt ) {
$wpse0001_excerpt = get_the_content('');
$wpse0001_excerpt = strip_shortcodes( $wpse0001_excerpt );
$wpse0001_excerpt = apply_filters('the_content', $wpse0001_excerpt);
$wpse0001_excerpt = substr( $wpse0001_excerpt, 0, strpos( $wpse0001_excerpt, '</p>' ) + 4 );
$wpse0001_excerpt = str_replace(']]>', ']]>', $wpse0001_excerpt);
$excerpt_end = ' <a href="'. esc_url( get_permalink() ) . '">' . ' » ' . sprintf(__( 'Read more about: %s »', 'pietergoosen' ), get_the_title()) . '</a>';
$excerpt_more = apply_filters('excerpt_more', ' ' . $excerpt_end);
//$pos = strrpos($wpse0001_excerpt, '</');
//if ($pos !== false)
// Inside last HTML tag
//$wpse0001_excerpt = substr_replace($wpse0001_excerpt, $excerpt_end, $pos, 0);
//else
// After the content
$wpse0001_excerpt .= $excerpt_end;
return $wpse0001_excerpt;
}
return apply_filters('wpse0001_custom_wp_trim_excerpt', $wpse0001_excerpt, $raw_excerpt);
}
endif;
remove_filter('get_the_excerpt', 'wp_trim_excerpt');
add_filter('get_the_excerpt', 'wpse0001_custom_wp_trim_excerpt');
Please note, the "Read More" will be in a new paragraph, if you need the "read More" next to the last word, just remove the //
from this code
//$pos = strrpos($wpse0001_excerpt, '</');
//if ($pos !== false)
// Inside last HTML tag
//$wpse0001_excerpt = substr_replace($wpse0001_excerpt, $excerpt_end, $pos, 0);
//else
// After the content
EDIT
You will still call the_excerpt()
the usual way in your template files using the_excerpt()