P&G
Procter & Gamble reported a better-than-expected rise in quarterly profit Tuesday as cost cuts and higher prices helped more than offset the impact of a strong dollar. Reuters

(Reuters) - Procter & Gamble Co (PG.N), the world's largest household products maker, reported a higher quarterly profit on Wednesday, helped by an increase in sales of its home care products.

The company earned $2.61 billion, or $0.90 per share, in the fiscal third quarter ended March 31, up slightly from $2.57 billion, or $0.88 per share, a year earlier. Core earnings per share, excluding restructuring charges, rose 5 percent to $1.04.

Sales were unchanged at $20.6 billion. Organic sales, which exclude the impact of divestitures, acquisitions and discontinued businesses, rose 3 percent.