Market Overview

UPDATE: Church & Dwight Posts Higher Q4 Profit, Raises Dividend

Share:

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.

 

Related Articles (CHD)

View Comments and Join the Discussion!

Posted-In: profitEarnings News Guidance Dividends

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com