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Actionable news in CL: COLGATE-PALMOLIVE COMPANY,

Colgate-Palmolive (CL) Stock Slides on Q3 Revenue Miss

NEW YORK (TheStreet) -- Shares of Colgate-Palmolive (CL) were retreating in pre-market trading on Thursday after reporting lower-than-anticipated revenue for the 2016 third quarter.

Before the market open, the New York City-based consumer products maker reported revenue of $3.87 billion, missing analysts' estimates of $3.94 billion.

The 3.5% drop in sales from the year-ago period was due to foreign currency headwinds and the deconsolidation of Colgate-Palmolive's Venezuelan operations, CEO Ian Cook said in a statement.

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