P&G misses Q2 revenue estimates

PROCTER & GAMBLE'S Q2 revenue fell slightly short of Wall Street expectations on Thursday, as weak spending by US consumers and the hit from a government shutdown offset stronger growth globally.

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Adjusted earnings topped targets, helped by strong demand for P&G’s pricey haircare and beauty products, in a mixed performance for the bellwether US consumer goods maker, whose results are seen as an indicator of the industry’s health.