Colgate profits in new markets

COLGATE-PALMOLIVE has posted a higher quarterly profit, as the toothpaste maker benefited from expansion in emerging markets even as rising costs for raw materials eat its margins.

The maker of Colgate toothpaste and Palmolive dish soap said it expected earnings per share to rise at a mid-single-digit percentage rate in 2011 and that its goal was to return to double-digit earnings growth in 2012.