Colgate-Palmolive stock rises on Q2 earnings, outlook lift

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Colgate-Palmolive أخبار

Seana Smith,Madison Mills,Quarter Earnings

Shares of Colgate-Palmolive (CL) are rising after the company posted a second quarter earnings beat and raised its full-year guidance. Catalysts Hosts Seana ...

break down the earnings for the multinational consumer product company and what it signals about the state of consumer spending.The company topping expectations, raising its full year guidance, accelerated volume growth, also higher prices helping to boost sales in the most recent quarter.When you take a look at the street's reaction to this, they are very encouraged by the demand that we are seeing.Lots of questions about that volume growth of pricing strategy moving forward.

But if you take a look at the longer term chart, either a six month chart or if you take a look at right around that year to day chart, we're still looking at gains of just about 24%.And you have Colgate here at least now being a beneficiary of that Colgate is interesting to look at sea because it is one of those names that indicates how consumers are holding up with their staples.

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