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. >To contact the writer of this article, click here: Miriam Reimer. >To follow the writer on Twitter, go to http://twitter.com/miriamsmarket. >To submit a news tip, send an email to: email@example.com.
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