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P&G says strong consumers are paying more for products, fueling earnings beat and higher guidance

Procter & Bet on on Tuesday reported quarterly earnings and revenue that beat analyst expectations, as strong consumers continue to pay up for its goods following price increases earlier this year.

Correction: A previous version of this story misstated its sales forecast for the year and the pecuniary year in a headline. P&G expects its 2019 organic sales to grow 4%, rather than be in range of up 2% to 4%. Total yard sales are expected to be flat to up 1% over 2018. The company is reporting fiscal 2019.

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