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P&G's Q3 Earnings Jump, But Costs Dim Outlook
June 16, 2011
By: TOM BRANNA
Editor
• Procter & Gamble Co. lowered its earnings outlook for the year due to fast-rising costs for raw materials and fuel and the still-sluggish economies in the U.S. and other developed countries. The maker of Tide detergent and Crest toothpaste said that profits and sales rose in its third quarter, led by sales in emerging markets. The company also announced plans for more price increases. P&G, based in Cincinnati, said net income was $2.87 billion, up 11% over last year. P&G...
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