logo
  Join        Login             Stock Quote

Colgate-Palmolive (CL) Q4 Earnings Top View, Forecasts Double-Digit Growth

 January 31, 2013 07:21 AM
 


(By Balachander) Colgate-Palmolive Co. (NYSE: CL) reported better-than-expected quarterly earnings and the consumer products giant forecast profit per share growth in double-digits for 2013 on a dollar basis amid gross margin expansion.

On a non-GAAP basis, earnings per share increased 8 percent to $1.41 for the fourth quarter and topped Wall Street projections by a penny.

GAAP earnings attributable to Colgate-Palmolive grew 1 percent to $598 million.

Net sales rose 3 percent to $4.29 billion, while analysts expected a growth of 3.30 percent.

Global unit volume rose 1.5 percent and organic sales increased 4 percent.

[Related -For Maximum Total Return Go For Growth]

Gross profit margin improved 90 basis points to 58.6 percent on a non-GAAP basis.

Colgate said its share of the global toothpaste market strengthened 0.5 share points to 44.6 percent year to date. Manual toothbrushes market reached 32.7 percent, up 0.8 share points from the same quarter last year.

The stock, which has been trading in the 52-week range of $89.77 to $111.37, ended at $110.85 on Wednesday.

iOnTheMarket Premium
Advertisement

Advertisement


Post Comment -- Login is required to post message
Name:  
Alert for new comments:
Your email:
Your Website:
Title:
Comments:
 

rss feed

Latest Stories

article imageMBIA Inc. (MBI) : BTI's $12 a Tough Task

MBIA Inc. (NYSE:MBI) is doing well on a day stocks are struggling The guarantee insurance company is the read on...

article imageUrban Outfitters, Inc. (URBN) Q2 Earnings Preview: A Snug Fit

Urban Outfitters, Inc. (NASDAQ:URBN) will hold a webcast to discuss its second quarter of fiscal-year 2015 read on...

article imageEstee Lauder Companies Inc. (EL) Q4 Earnings Preview: Options Player Betting On EL’s EPS Looking Pretty

Estee Lauder Companies Inc. (NYSE:EL) will release fiscal 2014 fourth quarter and full year financial read on...

article imageHerbalife Ltd. (HLF): 3 Reasons To Pay Attention to Recent Insider Buying

Well, well, well… it looks as if boardroom buyers viewed the recent selloff as an opportunity to buy. read on...

Advertisement
Popular Articles

Advertisement
Daily Sector Scan
Partner Center

Related Articles:

The Predictive Value Of Rising Dividends
More Articles on: Consumer Staples



Fundamental data is provided by Zacks Investment Research, and Commentary, news and Press Releases provided by YellowBrix and Quotemedia.
All information provided "as is" for informational purposes only, not intended for trading purposes or advice. iStockAnalyst.com is not an investment adviser and does not provide, endorse or review any information or data contained herein.
The blog articles are opinions by respective blogger. By using this site you are agreeing to terms and conditions posted on respective bloggers' website.
The postings/comments on the site may or may not be from reliable sources. Neither iStockAnalyst nor any of its independent providers is liable for any informational errors, incompleteness, or delays, or for any actions taken in reliance on information contained herein. You are solely responsible for the investment decisions made by you and the consequences resulting therefrom. By accessing the iStockAnalyst.com site, you agree not to redistribute the information found therein.
The sector scan is based on 15-30 minutes delayed data. The Pattern scan is based on EOD data.