By and  on June 20, 2012

Procter & Gamble Co. is feeling the squeeze of slower economic growth.

The consumer products giant on Wednesday cut its profit forecast for the final quarter of the fiscal year, citing a slowdown in developed markets in particular, as well as in China. The revised guidance hit P&G’s stock, sending it down 2.93 percent to close at $60.39 on the New York Stock Exchange.

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