UPDATE: Colgate-Palmolive Reports 3% Rise In Q2 Profit

Colgate-Palmolive Co CL reported a 3% rise in its second-quarter profit. Colgate-Palmolive reported its quarterly profit at $622 million, or $1.26 per share, up from $603 million, or $1.17 per share, in the year-earlier period. Its revenue climbed 9.5% to $4.19 billion. However, analysts were expecting earnings of $1.25 per share on revenue of $4.16 billion. CL shares closed at $85.49 yesterday.