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 imageReversals After a Gap on the Open Could Mean Anything

Yesterday stock indexes gapped up on the open but then reversed course to close sharply lower. This type of read on...

article imageJobless Claims Fall To 15-Year Low

After reading today’s weekly update on jobless claims the Fed’s comment yesterday that “economic activity read on...

article imageGreece, EMU and Democracy

One more post on Greece, possibly not the last read on...

article imageA Tangled Tale Of Rate Hikes & Inflation Expectations

The Federal Reserve continues to signal that it will start raising interest rates later this year, 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.