NEW YORK ( TheStreet) -- Colgate-Palmolive ( CL - Get Report) beat quarterly profit and revenue expectations as profit rose 3.2% despite slower consumer demand in North America.

Colgate said early Thursday it earned $622 million, or $1.26 a share, in the second quarter, compared with a year-earlier profit of $603 million, or $1.17 a share.

Revenue jumped 9.7% to $4.19 billion even as the volume of goods sold improved by just 3%. Pricing increased by 0.5% in the quarter.

Top- and bottom-line results beat analysts' consensus, which had been for the maker of toothpaste, soap and household cleaners to earn $1.25 a share on revenue of $4.18 billion.

Colgate said in connection with its recent acquisition of Sanex, it agreed to sell its laundry detergent brands in Colombia to Unilever ( UN) for $215 million, resulting in an after-tax gain of about $130 million.

Colgate shares were lower by 1.7% in premarket trading Thursday as investors focused more on signs of sluggish consumer demand in Colgate's North American market. The stock had closed lower at $85.42 in Wednesday's session.

>>For upcoming earnings and estimates, see our Earnings Calendar.

-- Written by Miriam Marcus Reimer in New York.

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