Colgate-Palmolive Tops Q1 Earnings Forecast on Solid North American Sales

Martin Baccardax - finance.yahoo.com Posted 5 years ago

posted modestly stronger-than-expected earnings Friday, and confirmed its full-year sales guidance, as U.S. revenues offset slumps in Latin America and Europe. Colgate-Palmolive said diluted earnings for the three months ending in March came in at 67 cents per share, down 9.5% from the same period last year and one penny ahead of the Street consensus forecast. Group sales, Colgate said, were also lower from last year at $3.884 billion but again came in modestly ahead of analysts' estimates of $3.86 billion.

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