Categories AlphaGraphs, Consumer, Earnings
Colgate-Palmolive (CL) Q4 earnings, sales top expectations
Consumer products giant Colgate-Palmolive Company (NYSE: CL) reported higher earnings and revenues for the fourth quarter of 2020. The results also exceeded Wall Street’s prediction.
Adjusted earnings advanced to $0.77 per share in the final three months of 2020 from $0.73 per share last year. Reported profit was $647 million or $0.75 per share, compared to $643 million or $0.75 per share in the fourth quarter of 2019.
At $4.3 billion, net sales were up 8% year-over-year. Both earnings and the top-line surpassed analysts’ forecast. There was an 8.5% growth in organic sales.
Read management/analysts’ comments on Colgate’s Q4 results
Shares of the company closed the last trading session higher, after declining in the early weeks of the year.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
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