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Procter & Gamble Posts Weaker Net Sales In 3Q Of FY 2016

April 26, 2016: 12:00 AM EST
Procter & Gamble Co. reported net sales dropped 7 percent to $15.8 billion in the third quarter of fiscal year 2016, compared with the same quarter in the previous year. Diluted net earnings per share increased 29 percent to $0.97, with core earnings per share at $0.86, a decline of 3 percent. Core operating profit margin increased 300 basis points, driven mainly by productivity savings in gross margin.
"P&G ANNOUNCES THIRD QUARTER FISCAL 2016 RESULTS", Procter & Gamble, April 26, 2016, © Procter & Gamble
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