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Procter & Gamble 3Q net income up on cost cuts

By MAE ANDERSONMICHELLE CHAPMAN
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Procter & Gamble 3Q net income up on cost cuts

NEW YORK (AP) — Procter & Gamble’s fiscal third-quarter net income rose 2 percent as it cut costs to offset sluggish sales in categories like beauty and family products.

The world’s largest consumer product maker’s adjusted earnings topped analysts’ estimates, but revenue fell short. Investors were looking for stronger growth and shares fell slightly in morning trading.

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