CINCINNATI (AP) _ Procter & Gamble Co. (PG) on Wednesday reported fiscal second-quarter net income of $3.85 billion.

The Cincinnati-based company said it had profit of $1.47 per share. Earnings, adjusted to extinguish debt, came to $1.64 per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.51 per share.

The world's largest consumer products maker posted revenue of $19.75 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $19.15 billion.

P&G shares have dropped 4% since the beginning of the year, while the Standard & Poor's 500 index has risen 1%. The stock has risen 6% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PG at https://www.zacks.com/ap/PG

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