Business

Procter & Gamble 2Q profit falls, tops estimates

By Washington Examiner
Published January 24, 2014 3:05pm ET
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Procter & Gamble 2Q profit falls, tops estimates
FILE - In this Tuesday, Jan. 21, 2014, file photo, Tide detergent is displayed at a Costco store in Robinson Township, Pa. Proctor & Gamble reports quarterly earnings on Friday, Jan. 24, 2014.(AP Photo/Gene J. Puskar) | Gene J. Puskar

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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