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P&G’s Modest Growth Has Investors Waiting for Clearer Comeback

  • Activist shareholder Nelson Peltz has called for shake-up
  • Second-quarter sales were in line with analysts’ estimates
Procter & Gamble Co. Products Ahead Of Earnings Figures
Photographer: Daniel Acker/Bloomberg
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Procter & Gamble Co.’s plodding comeback is frustrating investors.

The company reported second-quarter profit that topped analysts’ estimates, providing evidence that its turnaround is progressing. But activist shareholder Nelson Peltz and like-minded investors clearly still need more convincing. They sent the stock on its worst tumble in three months following the results, a sign that the drumbeat for more radical changes will continue.