Colgate-Palmolive Co. Q3 Profit Decreases, but beats estimates

(RTTNews) - Colgate-Palmolive Co. (CL) reported a profit for third quarter that decreased from the same period last year but beat the Street estimates.

The company's earnings totaled $618 million, or $0.74 per share. This compares with $634M, or $0.75 per share, in last year's third quarter.

Excluding items, Colgate-Palmolive Co. reported adjusted earnings of $620M or $0.74 per share for the period.

Analysts on average had expected the company to earn $0.73 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.1% to $4.46 billion from $4.41 billion last year.

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

-Earnings (Q3): $618 Mln. vs. $634M. last year. -EPS (Q3): $0.74 vs. $0.75 last year. -Analyst Estimates: $0.73 -Revenue (Q3): $4.46 Bln vs. $4.41 Bln last year.