Procter & Gamble Co, the world's largest household products maker, reported a higher quarterly profit on Wednesday, helped by cost cutting and stronger sales of items like detergent and air freshener.But net sales in the third quarter were unchanged at $20.6 billion, disappointing investors looking for faster growth several years into P&G's efforts to focus on core products.Organic sales, which exclude the impact of divestitures and acquisitions, rose 3 percent, but a strong U.S. dollar wiped out those gains.Shares fell 1 percent to $79.85 in morning trading and one analyst said P&G needs faster growth to lift shares.
The Procter & Gamble Company (P&G) is focused on providing consumer packaged goods. Shares of PG fell by 0.32% or $-0.2592/share to $80.35. In the past year, the shares have traded as low as $73.61 and as high as $85.82. On average, 9593200 shares of PG exchange hands on a given day and today's volume is recorded at 5405499.
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