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Procter & Gamble Co
PG reported a 7.6% rise in its fiscal first-quarter earnings.
P&G's quarterly profit surged to $3.03 billion, or $1.04 per share, from $2.81 billion, or $0.96 per share, in the year-ago period. Excluding special items, its core earnings declined to $1.05 per share from $1.06 per share.
Its sales rose 2.2% to $21.21 billion. However, analysts were expecting earnings of $1.05 per share on sales of $21.04 billion.
P&G's gross margin declined to 49% from 50.1%.
P&G shares fell 0.45% to $80.25 in pre-market trading.
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