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Procter & Gamble Profit up 7.6 Percent

Procter & Gamble's Tide detergent are on display at a new Wal-Mart store in Chicago.

Procter & Gamble Up 8 Percent in Quarterly Earnings

Procter & Gamble Co is chugging along with its turnaround, posting a quarterly profit that met Wall Street's expectations and holding to its annual forecasts as the world's largest household products maker gets a lift from cost cuts and a lower tax rate.

Shares of P&G fell nearly 1 percent to $79.93 in morning trading on Friday.

Reporting by Jessica Wohl, REUTERS.