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Procter & Gamble's(PG Quote) second-quarter earnings jumped 12% from a year ago, as balanced unit growth over all the company's product categories and regions offset rising raw material costs.
P&G earned $2.94 billion, or 74 cents, in the quarter ended December, compared with earnings of $1.81 billion, or 65 cents a share, last year. Revenue was $14.45 billion in the period, up 9% from $13.22 billion a year ago.
Analysts had been forecasting earnings of 72 cents a share in the quarter on sales of $14.45 billion. ...
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