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Procter & Gamble tops profit estimates after boosting prices

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Published Wed, Jan 27, 2016 · 09:50 PM

    New York

    PROCTER & Gamble Co, coping with the effects of a stronger US dollar, posted earnings that beat analysts' estimates after it boosted product prices and cut overhead costs.

    Profit amounted to US$1.04 a share in the second quarter, which ended on Dec 31, the Cincinnati-based company said on Tuesday. Analysts had estimated 98 cents on average, according to data compiled by Bloomberg.

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