NEW YORK (AP) — NEW YORK (AP) — Colgate-Palmolive Co. (CL) on Friday reported fourth-quarter earnings of $718 million.
The New York-based company said it had net income of 87 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 85 cents per share.
The consumer products maker posted revenue of $4.95 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $4.9 billion.
For the year, the company reported profit of $2.3 billion, or $2.77 per share. Revenue was reported as $19.46 billion.
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