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Profits Jump 14 Percent at Procter & Gamble

But analysts were expecting a bigger gain.

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By: TOM BRANNA

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Procter & Gamble Co. said Tuesday that strong growth in developing markets helped power earnings 14 percent higher in the third quarter for the world’s largest consumer product company. P&G said net income in the three months ended March 31 climbed to $2.51 billion, or 74 cents per share, from $2.21 billion, or 63 cents per share, in the year-earlier period. The Cincinnati company also improved its full-year earnings target on the strong quarterly sales. However, the result f...

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