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December 5, 2014
By: TOM BRANNA
Weak demand in Brazil and China, coupled with a stronger US dollar, forced Colgate-Palmolive to lower its full-year earnings forecast and report a 17% drop in third-quarter profit. Colgate’s profit has fallen in four of the past six quarters. The stronger dollar will slow the company’s full-year profit per share growth to 3-4%, Colgate said. It had previously expected 4-5% growth.
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