Procter & Gamble posts higher quarterly profit

Reuters

Oct 25 (Reuters) - Procter & Gamble Co posted ahigher quarterly profit on Friday, as the world's largesthousehold products maker benefited from some growth overseas,cost cuts and a lower tax rate.

The maker of Pampers diapers and Tide detergent earned $3.03billion, or $1.04 per share, in the fiscal first quarter, upfrom $2.81 billion, or 96 cents per share, a year earlier.

Core earnings per share, which exclude restructuringcharges, fell 1 percent to $1.05.

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