Colgate-Palmolive (CL) Misses Q2 EPS by 2c
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July 28, 2016 6:55 AM EDT
NEW YORK--(BUSINESS WIRE)--
Colgate-Palmolive Company (NYSE: CL) today reported worldwide Net sales
of $3,845 million in second quarter 2016, a decrease of 5.5% versus
second quarter 2015. Global unit volume decreased 3.0%, pricing
increased 3.0% and foreign exchange was negative 5.5%. Excluding
divested businesses and the impact of the previously disclosed
deconsolidation of the Companys Venezuelan operations, unit volume
increased 1.5%. Organic sales (Net sales excluding the impact of foreign
exchange, acquisitions, divestments and the deconsolidation of the
Companys Venezuelan operations) grew 4.5%.
Net income and Diluted earnings per share in second quarter 2016 were
$600 million and $0.67, respectively. Net income in second quarter... More
