Colgate-Palmolive sinks after revenues miss estimates

Colgate-Palmolive Company’s (CL) shares dropped over 5.7% during pre-market hours on Friday after the company, despite meeting earnings expectations, missed the mark on revenues for the third quarter of 2018. Sales dropped 3% to $3.84 billion compared to the same period last year, while organic sales dropped 0.5%. Global unit volume remained flat with the … Continue reading Colgate-Palmolive sinks after revenues miss estimates