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Colgate-Palmolive Co. Q2 adjusted earnings Inline With Estimates

Colgate-Palmolive Co. (CL) reported earnings for second quarter that declined from last year.

The company's profit totaled $586 million, or $0.68 per share. This compares with $637 million, or $0.73 per share, in last year's second quarter.

Excluding items, Colgate-Palmolive Co. reported adjusted earnings of $617 million or $0.72 per share for the period.

Analysts had expected the company to earn $0.72 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 0.5% to $3.87 billion from $3.89 billion last year.

Colgate-Palmolive Co. earnings at a glance:

-Earnings (Q2): $617 Mln. vs. $673 Mln. last year.
-EPS (Q2): $0.72 vs. $0.77 last year.
-Analysts Estimate: $0.72
-Revenue (Q2): $3.87 Bln vs. $3.89 Bln last year.

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