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Colgate-Palmolive: 4Q Earnings Snapshot

NEW YORK (AP) _ Colgate-Palmolive Co. (CL) on Friday reported fourth-quarter earnings of $606 million.

On a per-share basis, the New York-based company said it had profit of 70 cents. Earnings, adjusted for non-recurring costs, came to 74 cents per share.

The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share.

The consumer products maker posted revenue of $3.81 billion in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $3.77 billion.

For the year, the company reported profit of $2.4 billion, or $2.75 per share. Revenue was reported as $15.54 billion.

Colgate-Palmolive shares have climbed 4.5 percent since the beginning of the year, while the Standard & Poor's 500 index has risen slightly more than 5 percent. The stock has declined 19 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