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P&G Meets Earnings Estimates

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By: TOM BRANNA

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Procter & Gamble reported a profit before a restructuring charge of $1.24 billion, or 88 cents a share, meeting expectations of analysts as polled by First Call. Last year, the consumer products maker also made 88 cents a share. Including the charge, net income was $1.16 billion, or 82 cents a share, compared with $1.15 billion, or 80 cents. Revenue was $9.97 billion up 1% from $9.92 billion in 1999. Excluding the impact of foreign currency, mostly because of a weak euro, sales rose by 4%.&...

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