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P&G fiscal 2Q earnings drop 31 pct, hurt by exchange rates

2015-01-27 19:48:16| Biotech - Topix.net

Procter & Gamble's second-quarter earnings sank 31 percent as the strong U.S. dollar cut into the performance of the world's largest consumer products maker. The Cincinnati company, which sells products ranging from Tide detergent to Crest toothpaste, said Tuesday that exchange rates will remain a challenge well into fiscal 2015, especially in the second half of its year.

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Category:Biotechnology and Pharmaceuticals

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