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Colgate’s Third Quarter Profit Falls

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By: TOM BRANNA

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Colgate-Palmolive announced financial results for the third quarter. Profit fell due to increasedmarketing spending and higher costs for raw materials. The company earned $329 million, downfrom $365.4 million a year earlier.Last month Colgate issued its first formal earnings warning in almost a decade, citing highercosts as part of the cause.For the third quarter, net sales rose to $2.7 billion, compared to $2.5 billion a year ago, in linewith analysts’ expectations. Sales and volume each ...

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