Colgate Palmolive (NYSE:CL)
Historical Stock Chart
2 Months : From Oct 2019 to Dec 2019
By Patrick Thomas
Colgate-Palmolive Co. (CL) said its third-quarter profit rose as sales increased about 2% from a year earlier, helped by higher volumes and prices.
The maker of Colgate toothpaste, Palmolive dish soap and Lady Speed Stick deodorant reported a profit of $578 million, or 67 cents a share, compared with $523 million, or 60 cents a share, a year ago.
Excluding one-time costs, the company reported an adjusted profit of 71 cents a share. Analysts polled by FactSet were expecting earnings of 70 cents a share.
Net sales rose to $3.93 billion from $3.85 billion a year earlier. Analysts had expected $3.95 billion of revenue in the quarter.
Global unit volume increased 3%, pricing increased 1.5% and organic sales, which excludes divestments and currency fluctuations, increased 4.5%. North America net sales increased 1.5% during the quarter.
Write to Patrick Thomas at firstname.lastname@example.org
(END) Dow Jones Newswires
November 01, 2019 07:23 ET (11:23 GMT)
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