Thursday, New York-based Colgate-Palmolive Co. (NYSE:CL) reported a 19 percent increase in profit for the third quarter ended September 30, 2008. The company earned $499.9 million, or 94 cents per share, compared to $420.1 million, or 77 cents per share in the same quarter last year. Excluding restructuring charges the company's earnings rose to 99 cents per share for the quarter, exceeding analysts' forecast of 97 cents. Sales during the period increased 13 percent to total $3.9 billion. Shares of Colgate-Palmolive were up $4.23 to close at $64.23 Thursday.

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