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Procter & Gamble Backs Fourth-Quarter Outlook

Procter & Gamble affirmed its earnings and sales outlook for its fiscal fourth quarter, after warnings from other consumer products companies.

The company , which makes Tide detergent, Charmin toilet paper, Gillette razors and Folgers coffee, said it still expects to report earnings of 76 to 78 cents per share for the quarter, which ended in June, on sales growth of 8 to 10 percent.