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P&G Reaffirms First Quarter Forecast

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By: TOM BRANNA

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Procter & Gamble, Cincinnati, reaffirmed its quarterly profit outlook, citing sales of new products andcontinued gains in developing markets. P&G executives forecast $0.72 a share profit for the fiscal firstquarter ending this month, in-line with analysts’ estimates.P&G shares have been trading at their highest levels in almost five years with sales growth across mostof the company’s product lines, as well as acquisitions like the Wella hair care business, executives s...

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