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P&G Profits Beat Forecast

Procter & Gamble reported a $2.7 billion profit for the three months ended Sept. 30, an increase of 4% from a year ago. Sales were flat during the first quarter of the fiscal year, staying at $16.5 billion. Organic sales, which excludes the impact of foreign exchange rates, acquisitions or divestitures, increased a robust 3%. Earnings per diluted share were 96 cents.

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