Investing.com - Colgate-Palmolive (NYSE:CL) reported on Friday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Colgate-Palmolive announced earnings per share of $0.75 on revenue of $4.10B. Analysts polled by Investing.com anticipated EPS of $0.73 on revenue of $4.07B. That with comparison to EPS of $0.67 on revenue of $3.88B in the same period a year before. Colgate-Palmolive had reported EPS of $0.73 on revenue of $4.02B in the previous quarter. Analysts are expecting EPS of $0.72 and revenue of $3.9B in the upcoming quarter.
Colgate-Palmolive shares are up 2% from the beginning of the year , still down 9.22% from its 52 week high of $77.41 set on February 10. They are outperforming the S&P Global (NYSE:SPGI) 100 which is down 8.56% year to date.
Colgate-Palmolive follows other major Consumer/Non-Cyclical sector earnings this month
Colgate-Palmolive's report follows an earnings beat by Procter&Gamble on April 17, who reported EPS of $1.17 on revenue of $17.21B, compared to forecasts EPS of $1.13 on revenue of $17.31B.
Coca-Cola had beat expectations on April 21 with first quarter EPS of $0.51 on revenue of $8.6B, compared to forecast for EPS of $0.44 on revenue of $8.3B.
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