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Colgate-Palmolive profit falls, sales up

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By: TOM BRANNA

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Colgate-Palmolive Co. said quarterly profit fell 8 percent, dragged down by restructuring charges, but higher-than-expected sales helped it meet Wall Street’s profit forecast, excluding the charges.Colgate, which is selling some detergent businesses as it focuses on more profitable areas such as oral care, said second-quarter profit fell to $342.9 million, or 62 cents per share, from $373.9 million, or 66 cents, a year earlier.Aiming to keep consumers interested in its brands despite highe...

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