Summary Box: Colgate 3Q net income rises 4.9 pct

AP News
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Posted: Oct 28, 2010 9:28 AM
Summary Box: Colgate 3Q net income rises 4.9 pct

THE QUARTER: Consumer products maker Colgate-Palmolive's third-quarter net income rose 4.9 percent. But currency fluctuations cut 4.5 percent from revenue, and it fell more than 1.5 percent overall.

THE MAKEUP: Almost two-thirds of Colgate's sales are international, so it's especially exposed to changes in foreign currency.

THE OUTLOOK: Colgate took a cautious view of next year, saying it would increase marketing spending to boost sales. It expects earnings per share to grow in the double digits this year but in the mid-single digits in 2011.