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Colgate-Palmolive Earnings, Revenue Beat in Q3 -Breaking

by Mike Robinson

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© Reuters. Colgate-Palmolive Earnings, Revenue Beat in Q3

Colgate-Palmolive reported Friday that the third quarter beat forecasts by analysts and that revenue exceeded all expectations.

Colgate-Palmolive reported earnings per share at $0.81 on revenues of $4.41B. Investing.com polled analysts and predicted EPS at $0.7965 for revenue $4.4B.

Colgate-Palmolive shares have fallen 10% since the start of 2019, but are still 11.03% below its 52-week high of $86.41 on November 20, 2020. They are under-performing the S&P 500 which is up 22.37% from the start of the year.

Colgate-Palmolive follows other major Consumer/Non-Cyclical sector earnings this month

Colgate-Palmolive reports on Wednesday after Coca-Cola beats them in earnings. They reported $0.65 per share on $10.04B revenue, while forecasts were for $0.577 on $9.78B revenue.

PepsiCo exceeded expectations by beating all estimates on October 5, with third-quarter EPS at $1.79 on revenues of $20.19B. This compares to the forecast of EPS at $1.73 for revenue of $19.39B.

Keep up to date with all the earnings reports coming soon by visiting Investing.com’s earnings calendar

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