Colgate-Palmolive stock rises after sales beat
Colgate-Palmolive Co. stock rose 1.7% in Friday premarket trading after the consumer goods company reported fourth-quarter sales that beat expectations. Net income totaled $643 million, or 75 cents per share, up from $606 million, or 70 cents per share, last year. Adjusted EPS of 73 cents was in line with the FactSet consensus. Sales of $4.02 billion were up from $3.81 billion last year and ahead of the $3.93 billion FactSet guidance. Colgate-Palmolive shares are up 7.4% for the last year while the S&P 500 index is up 21.4% for the period.
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