Colgate-Palmolive Beats Q1 Estimates on Global Demand
Colgate-Palmolive reported Q1 sales of 5.32 billion dollars and earnings of 97 cents per share. Global demand offset a 3.2 percent volume drop in North America.
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COLGATE-PALMOLIVE CO beat Q1 estimates with net sales of $5.32B, surpassing the $5.22B analyst forecast. Shares rose 3% in Friday morning trading, extending year-to-date gains to 8%. International demand for staples is offsetting a 3.2% volume decline in the United States as consumers trade down.
