Colgate-Palmolive Q4 Adjusted Earnings Inline with Estimates

AP News  |

Image source: Colgate-Palmolive Investor Presentation

NEW YORK (AP) _ Colgate-Palmolive Co. (CL) on Friday reported fourth-quarter profit of $643 million.

The New York-based company said it had profit of 75 cents per share. Earnings, adjusted for one-time gains and costs, came to 73 cents per share.

Subscribe to get our Daily Fix delivered to your inbox 5 days a week

The results matched Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was also for earnings of 73 cents per share.

The consumer products maker posted revenue of $4.01 billion in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $3.94 billion.

For the year, the company reported profit of $2.37 billion, or $2.75 per share. Revenue was reported as $15.69 billion.

Colgate-Palmolive shares have climbed nearly 1% since the beginning of the year, while the Standard & Poor’s 500 index has climbed roughly 2%. The stock has increased nearly 9% in the last 12 months.

_____

Source: AP News

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not necessarily represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer. The author of this article, or a firm that employs the author, is a holder of the following securities mentioned in this article : None

Market Movers