NEW YORK — With sales volumes up and restructuring costs no longer weighing on results, the Procter & Gamble Co. reported double-digit earnings increases for the first quarter.

For the three months ended Sept. 30, the Cincinnati-based consumer products giant said earnings expanded 20.3 percent to $1.76 billion, or $1.26 a diluted share, beating Wall Street’s consensus estimate by 1 cent. Comparatively, the company reported earnings of $1.46 billion, or $1.04, last year.

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