UPDATE: Church & Dwight Posts Higher Q4 Profit, Raises Dividend
Church & Dwight Co (NYSE: CHD) reported a 27% rise in its fourth-quarter earnings.
Church & Dwight now projects 2013 earnings of $2.79 per share. It also raised its quarterly dividend by 17% to $0.28 per share.
Church & Dwight's quarterly profit surged to $80.8 million, or $0.57 per share, from $63.8 million, or $0.44 per share, in the year-ago period. The company in November expected earnings of around $0.55 per share.
Its sales rose 11% to $809.7 million, beating analysts' estimates of $805 million.
Its gross margin rose to 44.3% from 43.3%.
Church & Dwight shares closed at $58.40 yesterday.
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