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Thursday April 28, 09:59
Procter & Gamble third-quarter profit rose 13%
(by John Glagow)

Procter & Gamble reported today that its third-quarter profit rose 13% on good sales of health products.

Profit climbed to $1.72 billion, or 63 cents a share, from $1.53 billion, or 55 cents, in the previous year. Analysts were expecting 61 cents a share.

Sales increased 9.7% to $14.29 billion.

Fourth-quarter profit is expected to rise in the range of 54 cents to 55 cents a share, according to the latest company’s forecasts.
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