UPDATE: Colgate-Palmolive Posts Rise In Q3 Profit
Colgate-Palmolive Co (NYSE: CL) reported a rise in its third-quarter earnings.
Colgate-Palmolive's quarterly profit gained to $656 million, or $0.70 per share, versus a year-ago profit of $654 million, or $0.68 per share, in the year-earlier quarter. Its adjusted earnings climbed to $0.73 per share.
Its revenue rose 1.5% to $4.4 billion from $4.3 billion. However, analysts were estimating adjusted earnings of $0.73 per share on revenue of $4.5 billion.
Colgate-Palmolive shares closed at $63.47 yesterday.
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