Colgate-Palmolive Reported 5.5% Sales Growth in 3Q
October 30 2020 - 7:54AM
Dow Jones News
By Robert Barba
Colgate-Palmolive Co. reported results for the latest quarter
that beat expectations as demand for its products remained high
amid the coronavirus pandemic.
The consumer products company reported net income for the third
quarter of $698 million, or 81 cents a share, compared with $578
million, or 67 cents a share, a year earlier.
Adjusted earnings were 79 cents a share. Analysts polled by
FactSet expected adjusted earnings of 70 cents a share.
Net sales were $4.15 billion compared with $3.93 billion a year
earlier. The company said organic sales, which excludes the effects
of foreign exchange and acquisitions, increased 7.5%.
Analysts expected sales of $4 billion.
Write to Robert Barba at robert.barba@wsj.com
(END) Dow Jones Newswires
October 30, 2020 07:39 ET (11:39 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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