Colgate-Palmolive: exceeds estimates in Q1
(CercleFinance.com) - Colgate-Palmolive has published Q1 2018 adjusted net income that is up 9% at 654 million dollars, or EPS of 74 cents, one cent above the consensus.
The Body hygiene product maker saw its adjusted gross margin slip 40 basis points to 60.3%, with revenues up 6.5% at four billion dollars, including organic growth of 1.5%.
For FY 2018, Colgate-Palmolive expects low double-digit EPS growth, with expansion of its adjusted gross margin, based on current exchange rates.
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The Body hygiene product maker saw its adjusted gross margin slip 40 basis points to 60.3%, with revenues up 6.5% at four billion dollars, including organic growth of 1.5%.
For FY 2018, Colgate-Palmolive expects low double-digit EPS growth, with expansion of its adjusted gross margin, based on current exchange rates.
Copyright (c) 2018 CercleFinance.com. All rights reserved.