By  on January 24, 2014

The Procter & Gamble Co.’s lower second-quarter earnings came in ahead of Wall Street estimates as its Beauty unit logged higher profits despite a decline in revenues.

In the three months ended Dec. 31, the Cincinnati-based consumer products giant recorded net income of $3.43 billion, or $1.18 a diluted share, 15.5 percent below the $4.06 billion, or $1.39, recorded in the year-ago period. Adjusted EPS, eliminating the effects of restructuring efforts, was $1.21, 1 cent better than the consensus estimate of analysts. Revenues rose 0.5 percent to $22.28 billion, just below the $22.33 billion expected by analysts.

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