P&G tempers expectations

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Procter & Gamble Co., Cincinnati, termed "optimistic" earlier projections of 1% to 2% volume growth for the fiscal second quarter, ending Dec. 31. P&G didn't adjust earnings forecasts and stood by Chairman-CEO John Pepper's earlier forecast of an improvement in volume and revenue in the second half of the fiscal year, ending June 30.

Copyright December 1998, Crain Communications Inc.

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