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P&G Meets Expectations

Procter & Gamble today reported a profit of $3.02 billion for the July-August quarter, down 2% from the same period a year ago. Its earnings per share of $1.03 were up 1% from a year ago and met Wall Street's expectations. P&G reported that revenue was $21.9 billion, 9% more than a year ago, and sales grew by 4%.

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