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November 3, 2006
By: TOM BRANNA
Editor
Colgate-Palmolive’s third quarter profit slipped 1% due to restructuring charges. The world’s largest toothpaste maker saw quarterly net income fall to $344.1 million from $347.2 million a year ago. Excluding charges related to a restructuring plan, as well as stock-based compensation expenses, Colgate-Palmolive reported earnings of $421.5 million. The results came despite record spending on advertising worldwide, said Reuben Mark, chief executive. Revenue rose 8% to $3.14 billion. Analysts we...
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