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Colgate-Palmolive: 1Q Earnings Snapshot

NEW YORK (AP) _ Colgate-Palmolive Co. (CL) on Friday reported first-quarter earnings of $560 million.

On a per-share basis, the New York-based company said it had profit of 65 cents. Earnings, adjusted for non-recurring costs, came to 67 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share.

The consumer products maker posted revenue of $3.88 billion in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $3.86 billion.

Colgate-Palmolive shares have climbed 15 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed 17 percent. The stock has risen slightly more than 3 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CL at https://www.zacks.com/ap/CL