
NEW YORK CITY (dpa-AFX) - Colgate-Palmolive Co. (CL) reported a profit for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $690 million, or $0.85 per share. This compares with $683 million, or $0.83 per share, last year.
Excluding items, Colgate-Palmolive Co. reported adjusted earnings of $743 million or $0.91 per share for the period.
Analysts on average had expected the company to earn $0.86 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 3.0% to $4.911 billion from $5.065 billion last year.
Colgate-Palmolive Co. earnings at a glance (GAAP) :
-Earnings: $690 Mln. vs. $683 Mln. last year. -EPS: $0.85 vs. $0.83 last year. -Revenue: $4.911 Bln vs. $5.065 Bln last year.
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