Investing.com - Colgate-Palmolive (NYSE:CL) reported on Friday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Colgate-Palmolive announced earnings per share of $0.79 on revenue of $4.4B. Analysts polled by Investing.com anticipated EPS of $0.7868 on revenue of $4.42B.
Colgate-Palmolive shares are down 3% from the beginning of the year and are trading at $82.70 , down-from-52-week-high.They are outperforming the S&P Global 100 which is down 5.94% from the start of the year.
Colgate-Palmolive follows other major Consumer Staples sector earnings this month
Colgate-Palmolive's report follows an earnings beat by Procter&Gamble on January 19, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.65 on revenue of $20.33B.
Estee Lauder had beat expectations on November 2, 2021 with first quarter EPS of $1.89 on revenue of $4.39B, compared to forecast for EPS of $1.7 on revenue of $4.25B.
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