Colgate-Palmolive Co. (CL) Profits Rise 47 Percent
Colgate-Palmolive Co. on Wednesday said profits rose 47 percent in the second quarter, as improved profit margins and cost cutting allowed for more advertising.
Net income rose to $415.8 million, or 76 cents per share, compared with a year-earlier profit of $283.6 million, or 51 cents per share. Excluding restructuring charges, net income in the most recent quarter was $457.5 million, or 84 cents per share. Net sales totaled $3.41 billion, up from $3.01 billion a year earlier.
Analysts polled by Thomson Financial on average expected earnings per share of 84 cents in the period on revenue of $3.31 billion.
Net income rose to $415.8 million, or 76 cents per share, compared with a year-earlier profit of $283.6 million, or 51 cents per share. Excluding restructuring charges, net income in the most recent quarter was $457.5 million, or 84 cents per share. Net sales totaled $3.41 billion, up from $3.01 billion a year earlier.
Analysts polled by Thomson Financial on average expected earnings per share of 84 cents in the period on revenue of $3.31 billion.
Labels: CL, Colgate-Palmolive Co.
posted by Stock Administrator @ 9:28 AM
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