Colgate-Palmolive net earnings fall after restructuring

NEW YORK (AFX) -- Colgate-Palmolive on Wednesday reported first-quarter net income of $300 million, or 53 cents a share, down from $338.5 million, or 59 cents a share, last year. Excluding restructuring costs, net income was $344.7 million, or 61 cents a share. Net sales rose to $2.74 billion, up from $2.5 billion. A survey of analysts by Thomson First Call forecasted earnings of 61 cents a share and revenue of $2.69 billion. Shares fell 95 cents to $50.70 on Tuesday.

This story was supplied by MarketWatch. For further information see www.marketwatch.com.

For more information and to contact AFX: www.afxnews.com and www.afxpress.com