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Colgate-Palmolive Posts Favorable Q3

Net income increased 5% to $619 million with help new products.

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By: TOM BRANNA

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Colgate-Palmolive Company announced record operating profit, net income and diluted earnings per share for the third quarter 2010, according to the company. Worldwide sales were $3.9 billion, down 1.5% versus third quarter 2009. However, net income increased 5% in third quarter 2010 to $619 million and diluted earnings per share increased 8% to $1.21. Operating profit increased 3% to $958 million in third quarter 2010. Ian Cook, chairman, president and chief executive officer, commente...

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