P&G earnings exceed company forecast as Lafley returns to helm

While Procter & Gamble's quarterly earnings were down, they exceeded the company's April forecast, and P&G expects 3% to 4% sales growth in fiscal 2014, which began July 1. The company's recently reinstated CEO, A.G. Lafley, has described fiscal 2013 as a "stepping-stone" and fiscal 2014 as a "transition" year.

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