P&G Falls After Cutting Forecasts Amid Slowdown in Europe
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Procter & Gamble Co., the world’s largest consumer-goods company, declined after cutting its earnings and revenue forecasts for the second time in less than two months, hurt by slowing sales growth in Europe and the U.S.
P&G slid 2.9 percent to $60.39 at the close in New York. The shares have dropped 9.5 percent this year.