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- Don D., California
Proctor & Gamble reports weak third-quarter results
Household goods conglomerate Procter & Gamble (PG) has reported lackluster fiscal third-quarter results (year ends June 30th). Share net remained relatively flat at $0.84, just a penny above the prior year. (Note that last year's total excluded the nonrecurring gain from its Folgers divestiture.) Although sales were bolstered by product innovation, improved pricing, and an increased advertising program, higher operating costs and a heftier tax burden weighed on margins.