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Jim Cramer: Be 'Very, Very Careful' With P&G

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Procter & Gamble  (PG)  reported earnings on Wednesday, Jan. 20.  

TheStreet's Martin Baccardax reported, "Procter & Gamble said core profits for the three months ending in December, the company's fiscal second quarter, were pegged at $1.64 per share, up 15.5% from the same period last year and firmly ahead of the Street consensus forecast of $1.51 per share. Group revenues, Procter & Gamble said, rose 8% to $19.7 billion, again topping analysts' estimates of a $19.27 billion tally."

You can follow Jim Cramer and Katherine Ross on Twitter at @JimCramer and @byKatherineRoss. Read more from Katherine Ross here.

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