Colgate-Palmolive Co. said Friday it had net income of $607 million, or 68 cents a share, in the third quarter, down from $702 million, or 78 cents a share, in the year-earlier period. Adjusted per-share earnings came to 73 cents, matching the FactSet consensus. Sales rose 3% to $3.974 billion to beat the FactSet consensus of $3.941 billion. Chief Executive Ian Cook said the company remained leader in the toothpaste market with global market share of 43.5%. The company is now expecting its Global Growth and Efficiency restructuring program to generate charges of $1.28 billion to $1.38 billion, up from a prior $1.12 billion to $1.17 billion. Shares fell 1.5% premarket, but are up 9% in 2017, while the S&P 500 has gained 14%.
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