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Procter & Gamble Gets Slammed After Earnings Warning

 

Updated from 10:31 a.m. EST

Procter & Gamble (PG Quote) warned investors Tuesday that it would not meet its sales and earnings projections for its third fiscal quarter and full year, despite its reorganization plan that has been a mantra for efficiency and sales growth.

Wall Street reacted with a vengeance, sending P&G's stock down 26 15/16, or 31%, to close at 60 1/2. ...

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