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Colgate-Palmolive Co. Q1 adjusted earnings Beat Estimates

Colgate-Palmolive Co. (CL) reported a profit for first quarter that dropped from last year.

The company's profit totaled $560 million, or $0.65 per share. This compares with $634 million, or $0.72 per share, in last year's first quarter.

Excluding items, Colgate-Palmolive Co. reported adjusted earnings of $582 million or $0.67 per share for the period.

Analysts had expected the company to earn $0.66 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.0% to $3.88 billion from $4.00 billion last year.

Colgate-Palmolive Co. earnings at a glance:

-Earnings (Q1): $582 Mln. vs. $654 Mln. last year.
-EPS (Q1): $0.67 vs. $0.74 last year.
-Analysts Estimate: $0.66
-Revenue (Q1): $3.88 Bln vs. $4.00 Bln last year.

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