P&G second-quarter sales drop 8.5 percent on strong dollar


(Reuters) – Procter Gamble Co reported an 8.5 percent drop in quarterly sales, hurt by a stronger dollar.

Net earnings attributable to the company rose to $3.21 billion, or $1.12 per share, in the second quarter ended Dec. 31, from $2.37 billion, or 82 cents per share, a year earlier.

Revenue fell to $16.92 billion from $18.50 billion.

(Reporting by Yashaswini Swamynathan in Bengaluru; Editing by Shounak Dasgupta)