Colgate-Palmolive: Q2 Earnings Snapshot

Audio By Carbonatix

NEW YORK (AP) — NEW YORK (AP) — Colgate-Palmolive Co. (CL) on Friday reported second-quarter profit of $731 million.

The New York-based company said it had net income of 89 cents per share. Earnings, adjusted for non-recurring costs, were 91 cents per share.

The results surpassed Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 87 cents per share.

The consumer products maker posted revenue of $5.06 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $5.01 billion.

_____

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