Colgate Announces 3rd Quarter 2018 Results
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Colgate-Palmolive (CL) Reports In-Line Q3 EPS
October 26, 2018 6:57 AM EDTColgate-Palmolive (NYSE: CL) reported Q3 EPS of $0.72, in-line with the analyst estimate of $0.72. Revenue for the quarter came in at $3.85 billion versus the consensus estimate of $3.89 billion.
Ian Cook, Chairman and Chief Executive Officer, commented on the third quarter results, The third quarter was a challenging one with category growth rates remaining soft in many markets and unfavorable movements in foreign exchange. Net sales decreased 3.0% and organic sales decreased 0.5%, primarily due to market volatility in Brazil and trade inventory reductions in China.
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