Colgate-Palmolive: 3Q Earnings Snapshot

Colgate-Palmolive Co. (CL) on Friday reported third-quarter profit of $523 million.

On a per-share basis, the New York-based company said it had net income of 60 cents. Earnings, adjusted for pretax expenses and non-recurring costs, were 72 cents per share.

The results met Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was also for earnings of 72 cents per share.

The consumer products maker posted revenue of $3.85 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $3.88 billion.

Colgate-Palmolive shares have fallen 15 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 1 percent. The stock has dropped 11 percent in the last 12 months.

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This story was generated by Automated Insights using data from Zacks Investment Research. Access a Zacks stock report on CL at https://www.zacks.com/ap/CL