Church & Dwight Posts Mixed Results (CHD)

Church & Dwight Company, Inc. (NYSE: CHD) announced on Tuesday morning that it beat consensus Wall Street earnings estimates, while missing revenue expectations.Church & Dwight Company, Inc reported that its 3rd quarter net income fell to $69.5 million, or 96 cents per share, down from $70 million, or 98 cents per share, a year earlier.Revenue rose to $656.9 million, up from $646.16 million a year earlier.According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 94 cents per share, on revenue of $660.19 million.Chairman and chief executive officer James R. Craigie said, “We are pleased with our third quarter business results in what continues to be a difficult economic and competitive environment. Despite unit declines in most of our categories, our domestic consumer business delivered unit share increases on 6 of our 8 power brands. In September 2010, our aggregate domestic share in measured channels was the highest of the year. We expect to end the year with momentum in our major brands. Our new product launches, such as ARM & HAMMER Power Gel Laundry Detergent, TROJAN Fire and Ice Condoms and ARM & HAMMER Double Duty Cat Litter have been key contributors to our organic growth this year.” Church & Dwight Company, Inc. (CHD) closed the previous trading day at $66.17 per share. Analysts covering the company's stock give it a consensus price target of $69.43 per share.Read more from Benzinga's Company news.