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Procter & Gamble 2Q profit falls, tops estimates

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Procter & Gamble 2Q profit falls, tops estimates

CINCINNATI (AP) — Procter & Gamble’s second-quarter net income fell 16 percent as the world’s largest consumer products maker faced a tough comparison with year ago results, the stronger dollar and nearly flat sales globally.

But its adjusted earnings beat Wall Street expectations and the company reiterated its 2014 guidance. Its shares rose 3 percent in morning trading.

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