NEW YORK (AP) — NEW YORK (AP) — Colgate-Palmolive Co. (CL) on Friday reported second-quarter net income of $502 million.
On a per-share basis, the New York-based company said it had profit of 60 cents. Earnings, adjusted for non-recurring costs, came to 77 cents per share.
The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share.
The consumer products maker posted revenue of $4.82 billion in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $4.67 billion.
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