NEW YORK (AP) — NEW YORK (AP) — Colgate-Palmolive Co. (CL) on Friday reported first-quarter earnings of $646 million.
The New York-based company said it had profit of 80 cents per share. Earnings, adjusted for non-recurring costs, came to 97 cents per share.
The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.
The consumer products maker posted revenue of $5.32 billion in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $5.2 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CL at https://www.zacks.com/ap/CL
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