Colgate-Palmolive Company Names Stephan Habif Chief Technology Officer

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Colgate-Palmolive (CL) Results Viewed 'Favorably' After Topping Expectations

July 29, 2022 10:02 AM EDT

Colgate-Palmolive (NYSE: CL) shares dipped early Friday after it posted second-quarter earnings premarket, topping expectations.

Despite the share price fall, the company reported earnings of $0.72 per share, $0.01 better than the analyst estimate of $0.71. Meanwhile, revenue for the quarter came in at $4.48 billion versus the consensus estimate of $4.36 billion.

Net sales increased 5.5%, with the company experiencing growth in every division and all four categories.

Noel Wallace, Colgate-Palmolive's Chairman, President, and Chief Executive Officer, said the company was "encouraged by the increase in our global toothpaste market share... More