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Procter & Gamble Reports Earnings Beat, but Analyst Sees Weakness

Shares of Procter & Gamble are climbing in Friday trading after the company reported earnings that came to 95 cents a share, excluding items, topping analyst expectations of 91 cents a share, according to Thomson Reuters. But Barclays analyst Lauren Lieberman notes, 'We see this quarter's performance (and the outlook) as notably weak. In particular, volumes were flat even with a full slate of well-supported new product news in the market in big categories like Fabric and Hair Care.' Going forward, the world's largest consumer products company is going to be trimming its product lineup, announcing it will sell off more than half its brands around the world.