UPDATE: Colgate-Palmolive Posts Rise In Q1 Profit
Colgate-Palmolive Co (NYSE: CL) posted a 3% rise in its first-quarter earnings.
Colgate-Palmolive's quarterly profit climbed to $593 million, or $1.23 per share, from $576 million, or $1.16 per share, in the year-ago period. Its revenue gained 5.2% to $4.2 billion. Organic sales gained 6.5%.
Analysts were expecting a profit of $1.24 per share on revenue of $4.18 billion.
CL's gross margin fell to 58% from 58.4%.
CL shares closed at $99.58 yesterday.
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