BUZZ - Colgate-Palmolive shares rise after raising annual profit forecast

October 30 - ** Shares of toothpaste manufacturer Colgate-Palmolive (CL.N) rose about 3% in pre-market trading, quoted at $95.90

** The company raised its full-year adjusted profit outlook, and both third-quarter net sales and profit exceeded market expectations

** It expects its full-year adjusted earnings per share for 2026 to grow by 5% to 7%, compared to the previous expectation of mid-single-digit growth

** However, the company lowered its full-year net sales growth forecast from the previous range of 2% to 6% to a new range of 4% to 5%

** The report showed third-quarter net sales of $5.37 billion, higher than analysts’ expectations of $5.33 billion — data compiled by LSEG

** Adjusted earnings per share were 97 cents, above the market expectation of 93 cents

** As of the close of the previous trading day, the stock had gained about 18% so far this year

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