UPDATE: Procter & Gamble Posts Higher Q3 Profit

Procter & Gamble Co

reported a rise in its third-quarter profit. P&G's quarterly profit surged to $2.61 billion, or $0.90 per share, versus a year-ago profit of $2.57 billion, or $0.88 per share. Excluding special items, its core earnings climbed to $1.04 per share versus $0.99 per share. Its sales slipped to $20.56 billion. However, analysts were estimating earnings of $1.01 per share on revenue of $20.68 billion. P&G shares fell 0.48% to $81.17 in pre-market trading.