Colgate-Palmolive Co. Q3 Profit Increases, Beats Estimates

(RTTNews) - Colgate-Palmolive Co. (CL) announced a profit for its third quarter that increased from the same period last year and beat the Street estimates.

The company's earnings came in at $737 million, or $0.90 per share. This compares with $708 million, or $0.86 per share, in last year's third quarter.

Excluding items, Colgate-Palmolive Co. reported adjusted earnings of $750 million or $0.91 per share for the period.

Analysts on average had expected the company to earn $0.88 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 2.4% to $5.033 billion from $4.915 billion last year.

Colgate-Palmolive Co. earnings at a glance (GAAP) :

-Earnings (Q3): $737 Mln. vs. $708 Mln. last year. -EPS (Q3): $0.90 vs. $0.86 last year. -Revenue (Q3): $5.033 Bln vs. $4.915 Bln last year.