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Colgate quarterly profit rises, forecast maintained
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Jul 26, 2012
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(Reuters) - Colgate-Palmolive Co posted a higher quarterly profit on Thursday as the toothpaste maker increased advertising and cut costs to mitigate the impact of having the bulk of its business overseas in a difficult economic climate. Colgate said it still expected double-digit growth in earnings per share this year on a currency-neutral basis. Second-quarter profit was $627 million, or $1.30 per share, compared with $622 million, or $1.26 per share, a year earlier. Excluding items, Colgate earned $1.33 per share. Analysts, on average, expected Colgate to earn $1. ...
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