Colgate-Palmolive Co.’s stock CL rose 1.4% in premarket trade Friday, after the consumer goods company posted better-than-expected first-quarter earnings. The New York-based company posted net income of $372 million, or 45 cents a share, for the quarter, down from $559 million, or 66 cents a share, in the year-earlier period. Adjusted per-share earnings came to 73 cents, ahead of the 70 cent FactSet consensus. Sales rose 8.5% to $4.770 billion from $4.399 billion, and were also ahead of the $4.
The New York-based company posted net income of $372 million, or 45 cents a share, for the quarter, down from $559 million, or 66 cents a share, in the year-earlier period. Adjusted per-share earnings came to 73 cents, ahead of the 70 cent FactSet consensus. Sales rose 8.5% to $4.770 billion from $4.399 billion, and were also ahead of the $4.587 billion FactSet consensus.