Proctor & Gamble ($PG@US) posted its fiscal third-quarter earnings on Friday that beat analyst expectations. Earnings per share came in at $1.37 versus the $1.32 expected, and revenue came in at $20.07 billion versus the $19.32 billion expected. The consumer goods conglomerate’s volume declined by 3 percent as consumers opted for more budget-friendly alternatives. Prices rose by 10 percent across its entire range of products. P&G saw its fourth consecutive quarter of decreasing volume. With the exception of its health and beauty units, all of its divisions reported a decline in volume for the quarter. However, higher prices helped offset lower demand for its products.